_how-will-house-prices-in-wales-be-affected-by-the-interest-rate-freeze.jpg "How will house prices in Wales be affected by the interest rate freeze? from june maser Video Screenshot Preview")
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✓ Published: 21-Mar-2024
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✓ Published: 21-Mar-2024
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The Bank of England has opted to maintain its current interest rates at 5.25 percent, despite a decline in inflation. In February, inflation dipped to 3.4 percent from January's 4 percent, marking the lowest rate since September 2021 when it stood at 3.1 percent.<br/><br/>They anticipate inflation will return to its two percent target between by June this year, nearly 18 months earlier than previously projected. <br/><br/>Those in the property sector will particularly welcome the news as there have been fears of a market crash.
The Bank of England has opted to maintain its current interest rates at 5.25 percent, despite a decline in inflation. In February, inflation dipped to 3.4 percent from January's 4 percent, marking the lowest rate since September 2021 when it stood at 3.1 percent.<br/><br/>They anticipate inflation will return to its two percent target between by June this year, nearly 18 months earlier than previously projected. <br/><br/>Those in the property sector will particularly welcome the news as there have been fears of a market crash.
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