Money Minute Monday 4 November: UK interest rates and house prices

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On Thursday this week, the Bank of England announces its latest decision on interest rates. The UK’s central bank has used Brexit uncertainty as a good excuse to do very little over the last few years. With a general election looming, don’t expect any change to that this week.

We also get the latest data from Halifax on house prices. It’s likely to echo last week’s Nationwide data, which pointed to a broadly flat housing market.
Meanwhile, tomorrow morning viewers in the UK will learn about the Australian central bank’s latest move on interest rates. The Australian economy has been struggling somewhat, but recent data on inflation and employment has been better than expected. So the bank is expected to keep interest rates at their current record low of 0.75%. If the bank is gloomier than markets expect, that could put a dent in the Australian dollar.

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