The requested news item does not exist. Please return to News
London, 12th February - The Bank of England today released the February Inflation Report, notably reaffirming its commitment to deliver price stability, but to do so in a way that avoids undesirable volatility in output by continuing the record low base rate for the medium term. Low inflation expectations are the key factor that has allowed the Bank of England the flexibility to extend this unprecedented stance on rates.
Recent figures from Lloyds show that the volume of transactions increased by 21% between April and September 2013 compared with the same period in 2012, with Capital Economics predicting 260,000 extra transactions this year.
“Government deserves some credit here for sticking to a bold plan that appears to have worked.”
+44 (0) 20 7087 5108