
Number of houses bought and sold in Jersey drops to record low
Rising interest rates have been compounded by high property prices, with the average home in Jersey costing more than twice as much as the UK.
Rising interest rates have been compounded by high property prices, with the average home in Jersey costing more than twice as much as the UK.
The Bank of England has kept the cost of borrowing at 5.25% and suggested that rates are currently more likely to move up rather than down.
The IMF has blamed the UK's 'divergence' from other G7 nations on 'tighter monetary policies to curb still-high inflation' for its economic forecasts.