OCR HOLDS AT 2.25%

 
OCR HOLDS AT 2.25%

So, what does this mean?

It's good news if you're borrowing or looking to buy property.

With inflation settling down and interest rates holding steady at 2.25%, financial conditions are becoming more stable and supportive for major investments like building a home. Interest rates remain relatively low, the economy is picking up again, and the labour market is stabilising.
While house price growth is currently modest, this can create favourable conditions for entering the market before prices gradually strengthen through 2026. Overall, things are looking more balanced, making it easier for families to feel confident about starting a build.

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Link: OCR on hold at 2.25% with inflation expected to fall