Bank of England as it holds the base rate

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Bank of England as it holds the base rate

The Bank of England has held the base rate at 0.5% for the seventh month running. It will also continue its £175billion programme of quantitative easing in an attempt to start the economy. Meanwhile a survey of property investors by portfolio managers suggests they expect the base rate to be 1.2% by the third quarter of 2010. The Nationwide house price index to end 2009 with a rise of around 7.5%, but for the rate of increase in house prices to slow down in the New Year.

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