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David Bexon, Managing Director of smartnewhomes.com, comments on the Monetary Policy Committee’s (MPC) decision to hold interest rates at 0.5%:
“The Bank of England’s decision to maintain the historically low base rate will help keep confidence high, following the recent pattern of good news throughout the housing market.
“Although hopes of a full recovery remain fragile, and further progress is dependent on lenders widening the availability of mortgages, the continued stability of the base rate is welcome news for the housebuilding industry, as well as the homebuying public.”
See Also: Press Releases (372), Interest Rates (13), Monetary Policy Committee (11), David Bexon (14), Housing Market (3), Bank of England (9)
Date Published: 10 September 2009
