NewsBot
22-Jun-23, 19:50
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Interest Rate Hikes Could See 1.4 Million People Lose 20% Of Their Disposable Income
https://caithness-business.co.uk/image_cache/na20568_tn.jpg
Today Thursday 22 June 2023, the Monetary Policy Committee (MPC) of the Bank of England decided whether to increase the base rate once again to 5% after 12 consecutive rate rises from 0.1% in December 2021 to 4.5% last month. With last month's publication of inflation rates showing a slower decline than had been expected, and last Tuesday's earnings figures showing continued strength, many banks have increased mortgage rates again in recent weeks, in anticipation of the MPC raising the base rate further. [Read Full Article (https://caithness-business.co.uk/article/20568)]
Interest Rate Hikes Could See 1.4 Million People Lose 20% Of Their Disposable Income
https://caithness-business.co.uk/image_cache/na20568_tn.jpg
Today Thursday 22 June 2023, the Monetary Policy Committee (MPC) of the Bank of England decided whether to increase the base rate once again to 5% after 12 consecutive rate rises from 0.1% in December 2021 to 4.5% last month. With last month's publication of inflation rates showing a slower decline than had been expected, and last Tuesday's earnings figures showing continued strength, many banks have increased mortgage rates again in recent weeks, in anticipation of the MPC raising the base rate further. [Read Full Article (https://caithness-business.co.uk/article/20568)]