Bank of England holds interest rates

The Bank of England resisted pumping money into the economy but the Bank is under growing pressure to give a boost to the economy. The Bank hasn't change interest rates for nineteen months; on top of that, the UK housing market suffered a large impact with a dove of 3.6% in September although the decline in September is not the beginning of a continuous period of declining house prices. There are two reasons why the housing market decreased: on the one hand, there is a rise in the number of properties, and on the other hand, there is a fall in demand because of the uncertainty over the economy. Today, inflation has remained high while the industry increases in growth and the housing market likely to be still, and that is why there seems no more pressing need to relax monetary policy further. (The Guardian)

Jolien Van Campe