“I strongly suspect that Rishi Sunak and Jeremy Hunt will be claiming that 'their plan' is working and hoping it bodes well at the next general election”

Craig Fish, director at Lodestone Mortgages & Protection:

“This news will hopefully act like a calming pill for mortgage lenders, but core inflation remains sticky and as a result, I expect the BoE to increase rates at their next meeting and for lenders to now hold steady.

“I strongly suspect that Rishi Sunak and Jeremy Hunt will be claiming that 'their plan' is working and hoping it bodes well at the next general election."