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Rate predicted to fall by 0.25%
Economists remain confident that the Bank of England base rate will be cut again this Thursday.
Chief UK economist Howard Archer said "While house prices are cooling significantly they are not plunging through the floor"
"The fact that house prices did not plunge in January reinforces belief that the Bank of England will limit a widely expected interest rate cut on Thursday to 25 basis points from 5.5% to 5.25%."
