Interest Rates Remain Stable

Interest rates have remianed unchanged at 5.25% in March despite inflation being 0.7% above target at 2.7%. However, homeowners’ sighs of relief are sure to be shortlived as the Bank of England has indicated there’ll be at least one more rise in the near future. This is likely to be in April or May as the Monetary Policy Committee wait to see the effects of previous increases before rushing into any more.

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