When will interest rates be cut?

August, September and November are the most likely months according to David Smith*, the economics editor of The Sunday Times.

It is thought unlikely that we will see a rate cut after this week’s meeting, even though inflation is forecast to drop to 3.5 per cent

The markets seem to be hoping that June 20 may be a likely date for a cut, but pay growth will probably still be too strong then.

So August 1, September 19 and November 7 are the favourites.

Meanwhile, we continue to be busy at Philip Laney & Jolly with a steady stream of properties coming to market and selling.

We are looking forward to the start of the traditional Easter selling season, so if you would like a free, no obligation, market appraisal on your property, please call Amanda or Sam on 01684 575100 or Mel or James on 01905 26664 or use the contact link on www.plandj.co.uk

*David Smith has been the economics editor of the Sunday Times since 1989. He is also chief leader-writer, assistant editor and policy adviser.