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Is a rate cut this week realistic?

The Bank of England (BoE) could be set to frustrate housebuilders this week by keeping interest rates unchanged at 5% for another month.
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Housing market remains fragile

There is mounting evidence that residential property prices are waning, which is frightening off both propspective vendors and purchasers, leaving the housing market highly vulnerable, according to a fresh report out today.
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Posted by
Marc Da-Silva
in Bank of England, Connells Survey & Valuation, Gascoigne Halman, John Halman, National Association of Estate Agents (NAEA), News, Peter Bolton King, Ross Bowen, Royal Institution of Chartered Surveyors, Simon Rubinsohn on Tue 13 May 2008
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