Interest rate rises to HIGHEST since 2009…what does this mean for the housing market?

A positive set of economic data, which in particular reflects a healthy labour market with unemployment at its lowest level for 42 years and the number of positions vacant at a record high, together with inflation stubbornly sat at 2.4 per cent for the last couple of months, pushed the Bank to move the rate upwards towards more normalised levels. Mr Haldane notably recommended last month that the interest rate should increase. Whilst the Bank Rate held in June, the unanimous vote amongst the Monetary Policy Commission (MPC) this month…

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