Mr. Carney Cuts Base Rate To 0.25% An Historic Low

Well, he promised it and he did it! Either he is ‘ahead of the game’ or he has acted rashly and only time will tell.

You shouldn’t run policy by newspaper headlines it is better to wait until formal economic data is available before you act.

I’m not sure that mortgage lenders will actually pass on any of these gains to the consumer but there is no question that a trend that points towards lower interest rates is far better for consumer confidence and the Property Industry than if they were inching up. Continue reading