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M P C Willing To Sacrifice Sectors In Favour Reducing Hpi

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Fears that lower interest rates would stoke a fresh boom in the property market helped keep borrowing costs on hold at 4.5% this month
, the Bank of England revealed yesterday. Minutes of the rate-setting meeting of the monetary policy committee held a fortnight ago showed only one of the nine members - Steve Nickell - voted for a quarter-point cut.

At last the B o E see the douwnside to encouraging HPI. Now they are in conflict with Gordon whose "miracle economy" has been based on low IR, increasing HPI, unlimited MEW to keep spending high, and no credit controls to restrict debt expansion beyond GDP.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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