Bank of England to raise interest rates soon?

By : Forum Member
Published 13th June 2014 |
Read latest comment - 13th June 2014

Oh dear  heard on the News this morning that Interest rates could be rising sooner than we would have hoped.

Is it the right thing to do? Are we really over the credit crunch and what is this going to do for families that are already feeling the pinch of higher utility bills & ever increasing food bills, yet haven't seen an increase in their wage.


Clive
Comments

Well the only way interest rates can go is up, my mortgage tracks the base rate of the B of E plus 1/4 percent, so I've no complaints and it's a lifetime mortgage. I do think for many though that when the rates do start moving so people are going to get a shock...


Thanks,
Barney

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