Sales trends are stabilising across London according to RICS

RICS Residential Market Survey report – August 2018 published 13th September 2018 headlines ‘Solid housing market in Scotland and Northern Ireland’. The RICS report reveals that regionally, after a sharp fall in activity at the end of last year, current sales trends are stabilising in London. Momentum is still slipping across East Anglia and the…

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Bank of England announces bank rate rise to 0.75%, highest since 2009

The Bank of England yesterday announced a bank rate rise to 0.75% which is the highest since 2009. The Bank of England’s Monetary Policy Committee (MPC) at its meeting 1st August 2018 voted unanimously 9-0 to increase base rate by 0.25% to 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade…

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Bank of England announces Bank Rate remains at 0.5%

The Bank of England announced on the 21st June 2018 that Bank Rate remains at 0.5%. At its meeting ending on 20 June 2018, the MPC voted by a majority of 6-3 to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by…

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Bank of England holds interest rate at 0.5%

Bank of England announced yesterday 22rd March 2018 to hold interest rate at 0.5%. The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 21 March 2018, the MPC voted by a…

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Bank of England announces Interest rate maintained at 0.5%

The Bank of England announced yesterday 8th February that the Monetary Policy Committee (MPC) at its meeting ending on 7 February 2018,  voted unanimously to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10…

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Interest rate remains on hold at 0.25%

Bank of England Monetary Policy Committee Announcement 14th September 2017. At its meeting ending on 13 September 2017, the Monetary Policy Committee voted by a majority of 7-2 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central…

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Bank rate held at 0.25%

The Bank of England announced yesterday 3rd August 2017 that the monetary committee has voted 6-2 to keep bank rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee voted unanimously to maintain the…

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Bank of England holds interest rate at 0.25%

The Bank of England’s Monetary Policy Committee (MPC) announced yesterday the result of their meeting 14th June. The MPC voted by a majority of 5-3 to maintain Bank Rate at 0.25%, the 5-3 vote by the Bank’s policymakers was the closest for a rate rise since 2007. Inflation is now well above the Bank’s target…

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Competition in mortgage market may drive rates lower.

Last week the Bank of England’s Monetary Policy Committee  voted unanimously to keep its monetary policy on hold, maintaining interest rates  at 0.25 per cent. The MPC stated, however, that rates could be cut again in the coming months even though the economic impact of the Brexit vote has been less significant than previously expected.…

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Interest Rate unchanged at 0.25%

Bank of England Interest rate decision. Remains at unchanged 0.25% All 9 members of the  Monetary Policy Committee voted in favour to keep interest rate on hold at 0.25% Bank of England Asset Purchase facility.  Remains  at £435B  

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Interest rate cut expected later this morning from BoE.

The Bank of England (BoE) is expected to cut the base rate later today, experts see it as a ‘foregone conclusion’ that the Monetary Policy Committee will vote in favour at their monthly meeting. The UK’s  dominant services sector saw its sharpest fall in seven years according to the Markit/CIPS PMI released yesterday, this followed…

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Interest rate cut expected this Thursday

This week the Bank of England (BoE)  is expected to cut interest rates for the first time in seven years, a cut was expected just over two weeks ago which failed to materialize. The monetary policy committee decided it was too quick to take such action so soon after the vote for Brexit, however this …

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Bank of England keeps interest rates on hold

The Bank of England (BoE) yesterday announced that the interest rate was to remain at 0.5%, they voted by a majority of 8-1  to maintain the present Base Rate. This was the  the first meeting of the Bank of England’s Monetary Policy Committee (MPC) following the UK’s momentous Brexit decision,  it was also the first…

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Interest rate cut expected

According to most recent press reports the majority of experts expect an interest rate cut today  following the meeting by the Bank of England (BoE) policy committee. It is also expected that the (BoE) may also restart quantitative easing, in addition to or instead of a rate cut. An interest rate cut of 0.25%  would…

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