The Bank of England has finally announced an Interest Rate Cut for the first time since 2020. The new Monetary Policy Report allows for the BoE to reach its target of 2% Inflation, hopefully stimulating the Property Market altogether. Will Property Investors jump at these new reduced rates or wait until they come down further?
Property Expert, Simon Zutshi, addresses all the changes he has experienced with the Bank of England Interest Rates. From the Credit Crunch in 2007 to the introduction of Section 24 in 2015, he moves on to explaining the impact of Covid 19 on Inflation.
With banks typically utilising UK Interest Rates as a Macroeconomic tool to control Inflation, witnessing Rising Interest Rates was only expected.
Despite loads of Landlords Selling Up and solely focusing on the current BOE Interest Rate, Simon stresses how there are still loads of great Property Deals you can achieve within the current Housing Market.
Whilst today’s Monetary Policy Summary might be a surprise to some people, and others may have expected it, there is still the expectation that there will be future Interest Rate Cuts.
Following the Bank of England Interest Rates Decision and the pay rises for Junior Doctors in the pipeline, will the Labour government face pressure from other parts of the economy? Will this have a major knock on effect with Inflation?
Why is Now the Best Time to Invest in Property? There are plenty of sellers right now who want to get rid of their properties, and need an overall solution, an investor like yourself can help with this.
