letting agents maidenhead appletons on 05 Nov 2009 03:25 pm
Interest rates unchanged
The Bank of England has decided to keep the interest rates unchanged at half of one per cent for the eighth consecutive month.
They also agreed to put an extra £25 billion into the British economy in their quantitative easing (QE) programme.
This amount brings the to £200 billion on Quantitative Easing measures. The quantitative easing involves printing money to buy assets from banks and other companies to stimulate the economy.
The executive director of Appleton Estate Agents Marlow commented: “This is not good news for the savers (especially the elderly and the pensioners) but good news for the real estate market. This will not only help the first time buyers but will also help bring back the rental prices up inline with where it was a couple of years ago”.
