Warning to homeowners ahead of Bank of England interest rate decision today
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manchestereveningnews.co.ukHomeowners are being warned that 'affordability is still stretched' despite predicting that interest rates could come down today.
The Bank of England will reveal on Thursday, August 1 whether the base rate will finally be slashed after remaining at 5.25 percent since August last year.
After UK inflation has now fallen to 2 percent, which was the target set by the government, policymakers at the central bank will decide whether or not to keep the base rate as it is or finally reduce it, which would come as welcome news to homeowners.
The decision comes as annual house price growth has picked up to the fastest rate since December 2022, according to an index.
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