Inflation has galloped past official targets at the Bank of England on Threadneedle Street . (John Walton/PA)
(Picture: PA Wire)Mortgage holders across London are bracing for the Bank of England’s first decision on interest rates of 2023, in a move this week that will set the tone for the housing market and consumer spending into the rest of the year.
Decision makers in Threadneedle Street will join a busy run of action for major central banks, with the announcement due at high noon on Thursday. It will affect the repayments of thousands on variable rate home loans.
