The Bank of England’s Monetary Policy Committee voted to keep the base rate at 5.25%, claiming there have been “signs of some impact of tighter monetary policy on the labour market and on momentum in the real economy more generally.”
Agents have expressed hope that this could help buyers return to the market.
“Another interest rate hold will be viewed as a further little pigeon step in the right direction, giving hope that longer-term stability on rates is on the way. This should fuel confidence in those who have been anxious about committing to a property purchase.”
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