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RICS welcomes interest rate rise

Series: RICS Press Release ; (249) 4 November 1999 (1)Publication details: 1999Subject(s): Summary: The RICS welcomed the Bank of England's decision to raise interest rates by 0.25% on 4 November 1999. It said 'Higher interest rates will ensure maintenance of a low inflation environment which has contributed significantly to stability of the economy and the property markets through much of this decade'.

The RICS welcomed the Bank of England's decision to raise interest rates by 0.25% on 4 November 1999. It said 'Higher interest rates will ensure maintenance of a low inflation environment which has contributed significantly to stability of the economy and the property markets through much of this decade'.