RICS backs interest rates cut
RICS backs interest rates cut
- 2001
- RICS Press Release (pr056) 5 April 2001 (1) .
The RICS welcomes the Bank of England's (BoE) decision to cut interest rates by 0.25%. Continuing weakness in the global economy is starting to affect the manufacturing sector. RICS housing market data reveals that upward property prices have peaked. RICS believes the BoE must be ready to respond to further indications of economic weakness.
BANK OF ENGLAND
RICS
GLOBAL ECONOMY
MANUFACTURING SECTOR
HOUSE PRICES
INTEREST RATES
ECONOMIC RECESSION
The RICS welcomes the Bank of England's (BoE) decision to cut interest rates by 0.25%. Continuing weakness in the global economy is starting to affect the manufacturing sector. RICS housing market data reveals that upward property prices have peaked. RICS believes the BoE must be ready to respond to further indications of economic weakness.
BANK OF ENGLAND
RICS
GLOBAL ECONOMY
MANUFACTURING SECTOR
HOUSE PRICES
INTEREST RATES
ECONOMIC RECESSION