Bank keeps rates on hold despite a further fall in property values

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Bank keeps rates on hold despite a further fall in property values

7th March 2008, 01:14:AM

The City, industry and hard-pressed homeowners alike will have to wait a little longer for the next reduction in the cost of borrowing. As widely anticipated, the Bank of England's Monetary Policy Committee voted yesterday to keep rates on hold, at 5.25 per cent, despite the latest Halifax data showing another drop in property values.

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Tags: bank, borrowing, business, halifax, property, rates

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Bank keeps rates on hold despite a further fall in property values

Bank keeps rates on hold despite a further fall in property values

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