The Bank of England kept the bank rate at 5.25% as expected following similar moves by the ECB and the Federal Reserve. The bank also presented its forecasts. It expects inflation to fall to 4.8% in October and 4.6% for the fourth quarter. The economy is expected to flatline with zero growth in 2024 and only 0.25% in 2025. Financial markets did not react strongly as both the decision and the forecasts were in line with expectations.
The Bank of England Pauses but Real Estate Investors Have Moved On
Investors Judge Interest Rates Have Peaked and Focus Has Shifted to Tenant Risk
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