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Bank Rate setters to be warned property market is weakening

Original: interest rates

Members of the Bank of England's rate-setting committee are set to be warned that the UK property market is weakening, according to a report by trade publication The Negotiator. The warning comes as households and businesses keep a close eye on interest rates, with expectations of rate cuts hinging on signs the economy and housing market are cooling.

Why now: Attention on UK interest rates is high as people watch for signals that the housing slowdown could prompt the Bank of England to cut rates.

Bank of EnglandThe NegotiatorUK property market

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Evidence

• ‘Property market is weakening’, Bank Rate setters to be warned · The Negotiator

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