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"A close call", says Access FS on Bank Rate cut
01 August 2024
Karl Wilkinson, CEO at Access Financial Services, said: “This was a close call, with four out of the nine Monetary Policy Committee members voting to hold the Bank Rate at 5.25%.
“The August Monetary Policy Report contains ongoing concerns around inflation, with CPI inflation expected to increase to just below 2.75% while services CPI remains high at 5.7%.
“However, this is great news for the property market, which is in quite a different shape compared to last year. Market sentiment and consumer confidence is up, and I expect we’ll see a lot more movement now in the second half of 2024.”
