Breaking News - Bank of England holds rates

Breaking News - Bank of England holds rates

The Bank of England has announced the base rate will stay at 5.25% for at least another six weeks.

The Bank of England has held the base rate at 5.25% today with 6 members of the Monetary Policy Committee voting to keep the rate the same, whilst 3 voted for an increase.

It is the second time in a row the Bank has voted to hold the rate. This was after 14 consecutive rises.

If you have any questions on how this impacts on your mortgage, or the property market in general, get in touch with your local Scottish Property Centre branch.

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