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Uk House Price Date

UK house prices have continued to surge over recent months, fuelling well-document concerns that the market might be overheating. House prices in the UK posted an annualised increase of 8% during March, having risen by 9.2% in February.  In comparison, prices in London rose by 17% over the 12 Month period. However, excluding south-east England and London, prices rose at a rather more moderate annualised rate of 4.7%. The average UK home is valued at £252,000, according to the Office for National Statistics (ONS).

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MPC votes to hold base rate and QE

The Bank of England’s Monetary Policy Committee has once again voted to keep base rate at 0.5 per cent and its programme of quantitative easing at £375bn.
The decision was widely expected as BoE governor Mark Carney has said base rate will not rise until unemployment falls below 7 per cent or there is an unexpected spike in inflation. But even then a rate rise is not guaranteed.
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