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(From Bath Chronicle)
Latest research from the Worldwide Property Group confidence tracker survey carried out in May, revealed a 20 per cent drop in respondents expecting interest rates to rise, a figure which has previously trended upwards in the monthly survey since the start of the year.
It would seem that despite reports earlier in the year that soaring inflation would force the Bank of England's Monetary Policy Committee (MPC) to increase interest rates by May, their defiant decision to hold the base rate at its historic level, has led the public to believe that it could be some time before rates rise. Even more significant was the result that, of those …