It's a combination of a lot of things dragging the market. The Bank of England left rates unchanged, the U.S. is down and so is the price of crude. The FTSE especially is very oil heavy.

It's a combination of a lot of things dragging the market. The Bank of England left rates unchanged, the U.S. is down and so is the price of crude, ... The FTSE especially is very oil heavy.

On this assessment, rates ought to stay unchanged for a very long while.

The bank did a splendid job. The market had expected an end to the policy, but the bank still left interest rate rises open to interpretation.

Since the Reserve Bank of Australia raised rates in March, the housing market has just been going sideways. Rates are on hold until the third quarter of this year.

They've left the deposit rate unchanged, so they clearly don't want to make the yuan any more attractive then it already is.