Interest Rate Decision Due

The Bank of England will shortly announce whether it is going to reduce interest rates.

Many experts say it is too close to call. Yesterday it was announced that house prices have fallen again which will no doubt panic some homeowners. However, the Government are not concerned if property prices do take a small dip as, in their opinion, they were too high anyway.

The Government will be concerned about inflation which may lead them to keeping interest rates as they are. The price of oil is continuing to price which is having a knock-on effect on petrol and utility bills.

Borrowers will hope that the Bank of England will cut interest rates as a welcome boost before Christmas.