Bank of England halts run of base rate rises but borrowers still have much to ponderThis week’s decision by the Bank of England to hold the base rate at 5.25% after 14 back-to-back rises has left borrowers sighing with relief. It was a close-run thing, with almost half of the monetary policy committee voting for a further increase, and it is not clear if it heralds an end to these or only a pause. Many experts, however, think rates are now at or near their peak.If you are about to take on a new mortgage, the outlook for interest rates will be a factor in your decision, as well as your capacity to cope if they don’t go in the direction the financial world expects. Continue reading…
Source : theguardian.com
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