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The Bank of England can probably raise interest rates only around once a year, given the weakening of the economy in Britain and around the world, and even that slow pace might be too much, a top policymaker at the central bank said.
British property surveyors are the most downbeat about the short-term outlook for house prices in nearly eight years, and sellers are shying away from putting homes on the market in the run-up to Brexit, a survey showed on Thursday.
British inflation fell to a two-year low in January, dipping below the Bank of England's target and offering some relief to consumers who have tightened their belts ahead of Brexit.
Market expectations of an interest rate hike by the Bank of England this year dipped further after inflation fell to a two-year low in January.
British energy supplier npower will raise its standard variable tariff (SVT) prices by around 10 percent from April 1, becoming the third of the UK's top six energy providers this week to announce a rise in line with regulator Ofgem's new price cap.