Private landlords will be waiting to see what decision the Bank of England's monetary policy committee (MPC) makes concerning interest rates next week.

As well as property tax, landlords must pay interest on any money they have borrowed to buy their bricks and mortar.

Royal Institution of Chartered Surveyors' (Rics) chief economist Simon Rubinsohn has predicted that the interest rate will remain at 0.5 per cent when the MPC meets on Thursday April 9th.

According to the Rics representative, the Bank is now looking at "other methods"of boosting monetary policy. He believes the focus has changed.

"Obviously we know what the Bank of England is doing, which is buying a lot of gilts;trying to get gilt yields down, trying to boost money and trying to bring other bond yields down as well,"Mr Rubinsohn explained.

The general consensus throughout the financial industry is that interest rates will remain the same.

Howard Archer, chief European and UK economist at IHS Global Insight, has suggested that next Thursday will be a "non-event".

Written by Claire Doyle
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