The Bank of England has been criticised for not reducing interest rates again this month. With evidence suggesting that the economy may be slowing more quickly than had been anticipated, Clare Francis looks at what the rate decision means for consumers...

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What do you think is going to happen to the housing market? Are widespread falls on the horizon or do you think things will pick up again if we have another interest rate cut or two? Click reply to have your say...

No,I think that they have made the right decision.There has been mass hysteria about house prices falling.At the latest count the year on year decrease stands at 1%.Given what's gone before this is tiny.A bigger correction is justified and will unravel in the months ahead.

We don't want consumer led price inflation on top of the high price of oil and the scandalous utility bills.

Those that have saved, should for once, reap the rewards for their diligence.The banks scrambling for their money has made a pleasant change.

I'd like to see another no change decision next month to try and stop the panic in the media. Even if the cuts are actually economically correct,while the rates are going down the media is all over it with doom stories which makes things worse.

Joe,

I couldn't agree more with you about the media hysteria.There is so much news space to fill these days,they end up making the news and trying to drive opinion rather than reporting on it.

House price blip turns into house price slump and so on.