Will the Bank of England ever work towards lowering interest rates?
The Bank of England have decided to keep interest rates at 5.25% and have claimed cuts are ‘in play’. Housing experts have gathered to share their opinions on the news.
UK inflation has dropped to 3.2% which isn’t good news for interest rates
The Office of National Statistics (ONS) has revealed inflation rates hit their lowest level since September 2021 last month, leading experts to believe that the Bank of England is ‘likely to maintain interest rates for an extended period.’