UK home prices to fall, but unlikely to come crashing down
LONDON, Feb 28 (Reuters) - British home prices will fall less than previously expected in 2023 as a resilient job market and easing recession fears soften the blow from higher borrowing costs, analysts polled by Reuters said.
Inflation running at multiple times its 2% target has pushed the Bank of England to embark on an aggressive policy tightening path and Bank Rate has gone from 0.10% in late 2021 to 4.00% today.