Weekly Roundup – Bank of England’s Base Rate Stance

Another big week for the mortgage and property market with more lender updates, the latest inflation figures and a shift in stance from the Bank of England on the base rate. Inflation Drops to Lowest Level Since September 2021 The biggest news this week was that inflation fell to its lowest point since September 2021 […]

Housing and Mortgage Update

The Bank of England (BoE) kept Bank Rate at 5.25% following the latest meeting of the Monetary Policy Committee (MPC) in February. Bank Rate Unchanged Having risen to 5.25% in August 2023, the MPC voted to freeze Bank Rate for a fourth consecutive meeting in February, with a majority of six to three keeping it […]

When Will The Bank Rate Go Down in 2024?

Some leading experts have suggested that the Bank of England (BoE) could be forced to bring forward its first planned interest rate cut sooner rather than later in 2024 if inflation drops to 2% by April. Chief economist at Oxford Economics, Andrew Goodwin has expectations that the Consumer Price Index (CPI) will average 2.1% in […]