Where now for interest rates?

The past few days has seen renewed press speculation on the future of interest rates, much of which has been caused by the Bank of England’s latest Inflation Report. If you believe some of the press reports we can expect interest rates to rise significantly and very soon, causing even greater hardship to the UK consumer, especially those whose mortgages are not on fixed rates. But is this really the case? We thought we would take a more considered view. What did the Bank of England announce? Their report talked about strong downward pressures on growth and upward pressures on inflation, caused by higher ...