Hey everyone, it's Rob B here with Rob D and you are listening to the market update.

My word, there's a lot going on in the world right now.

But there's so much happening that you probably haven't even realized.

We bring you the stories that really will make a difference to the property market,

where it's going, the industry and your own investment journey, all in this week's episode. Welcome to the property podcast. Thank you for joining us. In case you don't know, we run a business that arranges over £100 million worth of property deals every year. You can find out about that at property hub.net slash invest.

I don't think I could remember a time when it's ever been harder to really get beneath the skin of what you're reading in the headlines and understand what's going on in the market

and understand what that means for you. Well, thankfully, that's what our market update episode is

here to do. So, let's

get into it. As always, there's so much happening in the world. But it's our job to bring you

the stories that really matter to you as a property investor, an investor in general, and help

understand what is really happening beneath the surface outside the big headlines that you're

reading day to day.

The first one, and I pretty much miss this one, but it happens every month. The Bank of England

voted on interest rates, and it was pretty solid drop. The reason why I probably didn't make

big headlines is because rates were held at 3.75. But there was eight people who said,

let's hold, but one, one said, let's increase, let's increase to four.

And it's been a while since we've had a vote for an increase.

That's right.

But they're in a tricky position because the reason that there was that vote for the increase is that inflation is above target and actually came in higher than expected.

So inflation was 3%, up to 3.3% and a lot of

that is due to energy prices of course but services inflation which has little to do with that is also

particularly high which is a worry for the banks you can see why one of their members voted for

...