Interest rates' rise will have little impact on housing market
Series: RICS Press Release ; (pr103) 6 November 2003 (1)Publication details: 2003Subject(s): Summary: 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| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3942-14 (Browse shelf(Opens below)) | 1 | Available | 124252-1001 |
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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