Many home owners breathed another sigh of relief when again the Bank of England chose to keep the UK interest rates on hold at 0.5%.
They also issued a statement to confirm their continued programme of quanitive easing, saying that they will continue with their plan to pump a further ?175bn into the UK economy. They expect that this will be completed in the near future and the effects of these robust measures should filter through the economy in the early part of 2010.
This will of course only have a positive impact on the continuing rise in UK house prices; the burning question is what the Bank of England?s decision on interest rates will be next month. This will have quite a dramatic effect on the UK economy and house price inflation. So next month?s Bank of England interest decision will be watched more closely by both professional economists and the UK public in general.
UK home owners pleased with the Bank of England?s interest rate decision.
October 10, 2009
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Hello.
I would like to put a link to your site on my blog roll if you want to do the same for mine. It would be a good way to build up both of our readerships.
thank you.
Comment by Stacey Derbinshire — October 10, 2009 @ 4:31 pm