Interest rates' rise will have little impact on housing market
Interest rates' rise will have little impact on housing market
- 2003
- RICS Press Release (pr103) 6 November 2003 (1) .
RICS views the 0.25% increase in interest rates set on 6 November as having little impact on the housing market but an upward trend would slow it down. The rise will have only a muted impact on housing demand, as employment remains firm due to government spending. RICS believes that the low inflation climate provides the Bank of England with leeway to await confirmation of a broad-based rebound in the UK economy before implementing further monetary tightening. http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=1054
INTEREST RATES
ECONOMY
LOW INFLATION
HOUSING DEMAND
RICS views the 0.25% increase in interest rates set on 6 November as having little impact on the housing market but an upward trend would slow it down. The rise will have only a muted impact on housing demand, as employment remains firm due to government spending. RICS believes that the low inflation climate provides the Bank of England with leeway to await confirmation of a broad-based rebound in the UK economy before implementing further monetary tightening. http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=1054
INTEREST RATES
ECONOMY
LOW INFLATION
HOUSING DEMAND