Base rate rises to 4.25% as new fixed rate mortgages are set to stay at 4-4.75% for 2023
Back on 23rd March, The Bank of England increased interest rates one more notch from 4% to 4.25%. Some had hoped that inflation would fall at a faster rate, paving the way for additional monetary tightening to dampen demand and slow price increases. It is unclear whether a further increase in UK interest rates will […]
