The Bank of England has opted to maintain its current interest rates at 5.25 percent, despite a decline in inflation. In February, inflation dipped to 3.4 percent from January's 4 percent, marking the lowest rate since September 2021 when it stood at 3.1 percent.<br /><br />They anticipate inflation will return to its two percent target between by June this year, nearly 18 months earlier than previously projected. <br /><br />Those in the property sector will particularly welcome the news as there have been fears of a market crash.
