Property News · June 23, 2023

Markets predict 6% UK interest rate by end of year


Rates will remain at level until summer 2024 after Bank of England hikes benchmark rate by half a percentage pointThe financial markets are predicting UK interest rates will hit 6% by the end of the year, and remain at that level until next summer, after the Bank of England hiked its benchmark rate by half a percentage point.The financial markets were volatile as economists warned that lifting the Bank’s efforts to cool inflation by lifting its key lending rate to 5% on Thursday could trigger a recession. Continue reading…

Source : theguardian.com
Read more…Markets predict 6% UK interest rate by end of year

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