"This was probably the least favourable outcome; the only worse thing would have been an increase"

Bob Singh, director at Chess Mortgages: 

"This was probably the least favourable outcome; the only worse thing would have been an increase.

“Static inflation, despite recent rate rises, paves the way for further increases in the base rate tomorrow.

“An increase of 0.5% now looks on the cards, and this will add to the recent volatility we have been seeing in the mortgage market."