Overall, 108 brokers were surveyed by Mortgage Express asking for their views on how the Monetary Policy Committee (MPC) would vote at its next meeting (4-5 October). 51 per cent expect a rates hold and, of those that do expect a change in rates, 89 per cent predict a second rise and 10 per cent predict a fall.
Peter Charles, chief economist at Mortgage Express, commented: “Brokers reflect the current view of the market that, for the time being, the Base Rate is set to remain at 4.75 per cent, with the main risk being of a further rate rise.”
