Express: Inflation plunge fuels property market experts' hopes of interest rate cut within hours.
Britain's leading home loan experts are demanding the Bank of England immediately cuts interest rates following news that inflation has fallen to the target of two percent. There is some pessimism that the Bank's Monetary Policy Committee (MPC) will answer the call to cut the cost of borrowing and the mortgages when it announces its decision tomorrow.
This is what Harps Garcha, Director at Brooklyns Financial had to say: "The big question now is: will the Bank of England respond with a much-needed interest rate cut tomorrow?
An interest rate cut would provide a significant boost for borrowers and the property market, offering the break that everyone has been looking for during these challenging times."
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