3min chapter

The Bottom Line cover image

A new era for the housing market?

The Bottom Line

CHAPTER

What Do People Do Right Now?

I think we're in some ways at a point of extremely high uncertainty. I was on the monetary policy committee for six years and never voted to change interest rates during that time. But, you know, it won't always be like this. And historically, there would be long periods of the past which rates don't change. It is a remarkable fact that the Bank of England did not change interest rates for 100 years between 17, 19 and 18, 22 interest rates. The Bank of England didn't change rates from 5% for 100 years. We need some certainty. That's one thing we all haven't got. There's been a bit of instability hasn't there in the past few

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