News

Relief For Homeowners Promised By Sign That Base Rate Has Peaked - The Times Aug 07

Hopes that interest rates may have reached a peak, providing some respite for hard-pressed homebuyers, soared yesterday after news that the Bank of England's Monetary Policy Committee (MPC) voted unanimously to peg base rates a fortnight ago. Most of its members said at the time that they had no firm view on whether more moves would be needed.

Mounting expectations in the City that the rate-setting committee will sit on its hands for several months and may not even set another rates increase.

We expect the Bank of England to sit tight now until at least November.