- Prior 0.0%; revised to -0.1%
- Home costs +0.3% vs +1.1% y/y anticipated
- Prior +0.7%; revised to +0.6%
UK home costs dropped unexpectedly on the finish of final yr however managed to nonetheless spherical off the yr barely larger in comparison with the place it was in December the earlier yr. Total, it is very like what different housing indicators have proven for the UK market. And that may be summed up by one phrase: resilience.
There’s nothing right here that may get BOE policymakers off their seats as their primary battle remains to be on inflation for probably the most half.
This text was written by Justin Low at investinglive.com.
