NewsBot
19-May-23, 08:10
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
The Bank Of England Is Nearing The End Of Its Rate-rising Cycle, But Two-thirds Of Britain's Mortgage-rising Pain Is Still To Come
The Bank looks set to have almost finished the sharpest interest rate tightening cycle since the 1980s. But the switch from variable to longer fixed-rate mortgages has delayed the impact on households, with two-thirds of the eventual £12 billion increase in annual mortgage costs still to be passed on, according to new research published by the Resolution Foundation. [Read Full Article (https://caithness-business.co.uk/article/20238)]
The Bank Of England Is Nearing The End Of Its Rate-rising Cycle, But Two-thirds Of Britain's Mortgage-rising Pain Is Still To Come
The Bank looks set to have almost finished the sharpest interest rate tightening cycle since the 1980s. But the switch from variable to longer fixed-rate mortgages has delayed the impact on households, with two-thirds of the eventual £12 billion increase in annual mortgage costs still to be passed on, according to new research published by the Resolution Foundation. [Read Full Article (https://caithness-business.co.uk/article/20238)]