Good morning. There was a time when Bank of England interest rate announcements passed (most of us) by entirely unnoticed. A small rise here; a minor dip there: until May 2022, rates hadn’t climbed above 1% for 13 years.
No longer. With rates stuck at 3.75% – and predicted to climb again – the Bank’s decisions are watched closely. Not just by Treasury wonks and trader types, but jobseekers (high rates see higher unemployment) and mortgage holders, both present and aspiring, faced with ramped-up repayments.
