Rates Unchanged

It’s what we predicted and pretty much everybody else out there!

However, we still believe that there will be a further rise this year.

According to the Office of National Statistics, inflation has fallen from an eleven year high of 3.00% to 2.70% and although that is positive news, it’s still way over the 2.00% target!

Nationwide suggest that house prices are waning, however, house prices are still growing at 10.2% apparently.

Outlook moving forward? Well, it would be worthwhile having a read of Paul Stevens thoughts from the last quarter to give some indication toward the markets, as he thought that there might be a slow down this year.

http://www.1stportasset.com/pdf/quarterly_review_december_2006.pdf

Johnny