Midtown Appraisal Group’s Post

Interest rates held despite drop in inflation 📈 Last week’s Consumer Price Index (CPI) revealed that inflation had reached the Bank of England’s 2% target, but this wasn’t enough to persuade the Monetary Policy Committee to follow the European Central Bank in cutting the base rate. In the last meeting before the General Election, what does this mean for the property and mortgage industries? 🧐 Read the article below to see what the outlook is for the months ahead👇 https://lnkd.in/gnpKz_ww #ButterfieldMortgages #investors #PCL #market #propertyinvestment

The Bank of England held interest rates at 5.25% in May, but cuts are expected later in the year, as inflation continues to fall. Interest rates affect mortgage, credit card and savings rates for millions of people across the UK. #interestrates #ukeconomy

The Bank of England (BoE) indicated it may cut interest rates in August, marking the first reduction over four years. On Thursday, the Bank decided to keep interest rates at a 16-year high of 5.25% in a closely contested vote. Recent data showed inflation slowing to 2% in May, aligning with the Bank's target, though some prices continue to rise faster than expected. This suggests a rate cut could be likely at the next meeting once the Bank updates its economic forecasts. #ukeconomy #inflation #interestrates

Economists forecast the Bank of England to cut interest rates in August. A survey, conducted by the Reuters news agency, showed the vast majority expected the Bank of England to cut interest rates at their August meeting. If the prediction proves to be correct, borrowing will become cheaper as the central bank-controlled interest rate will be dropped to 5%. Over 80% of economists, 49 of 60, in the 18-24 July poll said the Bank would make the cut. Lenvi #bankofengland #fintech #lending #lendingsoftwar #consumerlending https://lnkd.in/e5bi88EZ

Money markets have increased their bets that the Bank of Canada will cut interest rates again on July 24 in the wake of this morning’s modestly tamer-than-expected June inflation data. #RealEstate #Investing #Mortgage #Housing #Realtor #property #REINCanada #Ontario #CRE #CommercialRealEstate #realestatebrokerage #investmentproperties #propertyinvestment #realestatedevelopment #internationalrealestate #propertyinvestors #commercialrealestate

Here’s a summary of what you need to know following the 0.25 of a percentage point drop in the Bank of Canada’s overnight rate on Wednesday.

Here’s a summary of what you need to know following the 0.25 of a percentage point drop in the Bank of Canada’s overnight rate on Wednesday.

Here’s a summary of what you need to know following the 0.25 of a percentage point drop in the Bank of Canada’s overnight rate on Wednesday.

Here’s a summary of what you need to know following the 0.25 of a percentage point drop in the Bank of Canada’s overnight rate on Wednesday.

Here’s a summary of what you need to know following the 0.25 of a percentage point drop in the Bank of Canada’s overnight rate on Wednesday.