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International Business Times UK

Business

Pragati Singh

Bank of England's Financial Stability Report Highlights Resilience Amid Rising Interest Rates

Bank of England Andrew Bailey Interest Rates United Kingdom United States Sarah Breeden

The delayed reflection of these elevated expenses in mortgage repayments was underscored (Credit: Google)

The Bank of England recently released its latest Financial Stability Report, emphasising the resilience of UK households and businesses in the face of continuously rising interest rates.

While acknowledging this resilience, the report also reiterates concerns about the impending full impact of higher interest rates on mortgage repayments and overall financial stability.

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