Retreating inflation to have effect

27th February 2015

Figures from the Office for National Statistics last week showed house prices rose 9.8% in the year to December. However, the Centre for Economics and Business Research (CEBR) expects a 0.6% fall in average house prices this year, and a sharper drop of 3.3% in the capital. It predicts the Bank rate will not rise until February 2016 because of continued low inflation.

The Sunday Times (22/02/15)