BoE holds rate as inflation remains above target

The decision indicated that the BoE remained significantly concerned over inflation levels, despite mounting fears the country may slide into recession.

The English housing market is of particular concern; data from Halifax released this week showed house prices are down 6.1 per cent from one year ago and were dropping at the fastest rate in 15 years.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 11 July 2008