Interest rates have been maintained at 5.5% following the monthly meeting by the Bank of England's Monetary Policy Committee.
The number of mortgage approvals has fallen for the third month in a row down to just 107,000, leading parts of the industry to suggest the housing market is about to turn.
The Bank of England dropped a broad hint yesterday interest rates would be raised for a fifth time within a year over the coming months, reports The Guardian.
The Bank of England has raised interest rates by a quarter of a percentage point to 5.5% because of concerns about inflation.
A trio of economic reports suggests an increased rate rise from the Bank of England next week is more likely, according to analysts.
I went to a presentation by a fund manager about 18 months ago and one of the topics addressed was that of inflation. He detailed that he had concerns about the re-emergence of inflation and that it was 'a lonely corner' when in discussion with other...
Interest rates have been maintained at 5.25% following the monthly meeting by the Bank of England's Monetary Policy Committee.
THE BANK OF England could lift interest rates as soon as this Thursday, taking borrowing costs to a new six-year high, according to the Daily Telegraph.
Renewed warnings from the Bank of England over attempts by companies to push up prices and other risks of inflation in the medium term, yesterday reinforced the City's belief interest rates will rise again before summer, says the Times .
The City was caught on the hop yesterday after it emerged one member of the Bank of England's Monetary Policy Committee voted for a cut in interest rates this month and no one wanted an increase, reports the Independent .