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February Interest Rate Statement - Rates held at 0.5%
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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%:

“Today’s decision by The Bank of England to maintain the stability of interest rates is more good news for homebuyers and the house building industry.

“Many have already been encouraged to enter the market as confidence in house prices rising, as opposed to falling, has become more widespread. However, many of these sales have only been possible by continued assistance from developers in the form of increased incentives and help with securing affordable mortgage products. With an expectation that interest rates are to remain low for some months, we need to see more lending coming on stream from a bigger range of high street banks in acknowledgement of up beat consumer confidence.”
 

See Also:   (379), (5994), (11), (8), (25), (6)

Date Published: 04 February 2010

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