"This news may allow mortgage lenders to reduce rates and budge even slightly on their fixed-rate pricing"
"This news may allow mortgage lenders to reduce rates and budge even slightly on their fixed-rate pricing"
Section: Opinion
Andrew Gething, MD at MorganAsh:
“Following successive shocks, it’s positive to see inflation ease beyond expectations to its lowest level in more than a year.
“The hope is this news may allow mortgage lenders to reduce rates and budge even slightly on their fixed-rate pricing.
“But beyond the lower headline inflation achieving the BoE’s [inflation] forecast, we cannot escape the fact that it remains well above its overall target of 2%.