The Bank of England targets the inflation rate two years in the future
Photo: DANIEL JONES
This would cause a large rise in mortgage repayments for borrowers on tracker
and other variable-rate mortgages, some of whom are staying afloat
financially only because interest rates are currently at an all-time low.
In a blog
entitled “Could UK rates rise in early 2010?”, Simon
Ward of Henderson New Star said the Bank of England’s …
Read the original article at Telegraph
