Homeowners warned of ‘significant’ rise in UK interest rates - short news
Bank of England’s chief economist speaks out after mini-budget, with financial markets expecting rates to reach up to 6%
Britain’s homeowners have been warned to brace themselves for a “significant” increase in interest rates from the Bank of England in response to Kwasi Kwarteng’s tax-cutting mini-budget last week.
Huw Pill, Threadneedle Street’s chief economist, added to the concerns of millions of mortgage payers who have already seen hundreds of home loan..
source: The Guardian - 27.09.2022