Path of interest rates
31st July 2023
Recent rapid rises in interest rates have left borrowers wondering where this will end. The current Bank Rate is 5%.
In the short term there are expected to be further interest rate rises. The consensus of forecasts average at 5.6% for the end of this year. Over the longer term the Bank Rate is expected to come down: forecast to be below 3% again in 2026 and 2027.
The steepness of the increase is comparable with the sharp drop as the economy entered the Global Financial Crisis.
June inflation data had tentative evidence of improvement which could help improve the long term interest rate outlook.
Source: Dataloft, Bank of England
Autumn Budget 2025 – Key Property Points
31st October 2024
As the UK grapples with a severe housing shortage, will new tax policies and a £5 billion spend pledge be…
Employee of the Month – October 2024
16th October 2024
Our employee of the month for October is our Head of Finance – Kayleigh Beal! Kayleigh works extremely hard, with…
House Prices and Consumer Confidence
11th October 2024
Despite the September fall in consumer confidence, levels remain well above the lows of 2022. This recent faltering is likely…
