Friday, Sep 29, 2006

BoE figures suggest rate rise is working

Home.co.uk News: Housing market hit by rate rise after all?

Contrary to some VI reports on the housing market, the Bank of England suggests that growth in consumer debt, including mortgage lending, is slowing down.

Posted by tinecu @ 03:30 PM (577 views)
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5 Comments

1. Cstanhope707 said...

Interesting it would explain why VI Rags like the DE are desparately trying to pump up the flagging market. Put it this way I have seen rought the same number of properties on Rightmove in Peterborough for 90 for atleast the last 4 months. I suspect what has been happening is that the values are being skewed by the Olympic Games effect in London..

Saturday, September 30, 2006 11:42AM Report Comment
 

2. Northernlad said...

...gearing up for a reason not to raise rates! Wake up, inflation is rife!

Saturday, September 30, 2006 01:53PM Report Comment
 

3. Rimmer said...

Interest rates are not set to control the price of houses, in two words - Dream On!

Saturday, September 30, 2006 09:57PM Report Comment
 

4. Little Ol' Wine Drinker Me said...

Rimmer said...

"Interest rates are not set to control the price of houses, in two words - Dream On!"

Really, inform us to what they have been used for since this goverment came to power?!



Sunday, October 1, 2006 11:23AM Report Comment
 

5. Rimmer said...

Wine Drinker

I agree it would seem that way but the BOE has little interest in house prices other than what people can borrow against them to buy goods, If you look at it historically the UK rates are set by many factors and house prices have always been a consequence rather than a reason.

>>> http://www.bankofengland.co.uk/monetarypolicy/more.htm

Monday, October 2, 2006 12:37AM Report Comment
 

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