Bank of England maintains Bank Rate at 0.5 per cent

“The MPC’s decision not to enlarge the QE programme this month demonstrates the committee still has faith in the economy’s capacity to keep its head above water and grow. This is reflected in the mortgage industry as lenders continue to drive down prices and are offering ever more affordable fixed rate deals. It’s true volumes haven’t so far begun to rise, but lenders’ commitment to offering attractive deals and innovative products gives the market plenty of scope for optimism in the coming year”.

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