…first by reducing its monthly bond purchases, and then by cutting them altogether by the end of this year. This is set to happen despite the turbulence in Italian bond markets (the BTP 10-year yield hit 3.68% in the final quarter of this year on fears over Italy’s future in the Eurozone and the country’s debt sustainability), and also despite a stubborn core inflation rate stuck at around 1%, well below the ECB’s 2% target.
The number of instructions for sales fell by more than 20% over the last quarter in regions such as the southeast England, the West Midlands and the northwest.
Halifax has found that hose prices are increasing at the slowest rate for 6 years. Prices were down 1.4% from October 2018, with the average home worth £224,578. Prices have fallen three in the past four months in a row.