6  See Miles (2011) for a discussion of such effects. 7  RedC Survey results reported in Housing Agency (2014). 2  BIS central bankers’ speeches  property is likely to rise, encouraging new landlords into the market and helping to create a floor to house prices.
This all sounds well but may only work as long as the inflation is kept in check. The last think you want to do is to reduce interest rate without reference to the inflation, and to be forced to hike interest rates soon afterwards.