Bank Of England

Article thumbnail: FILE PHOTO: Property estate agent sales and letting signs are seen outside an apartment building in Lichfield, Britain, May 3, 2022. REUTERS/Andrew Boyers/File Photo

Base interest rate forecast to reach 6.5% early next year, sending mortgage costs soaring

Money markets have priced in a more than 50% likelihood that rates will peak at 6.5% in March 2024

When mortgages could go down as high street lenders hike rates again

An uncomfortable truth about mortgage rates - they are meant to hurt

Article thumbnail: FILE PHOTO: Property estate agent sales and letting signs are seen outside an apartment building in Lichfield, Britain, May 3, 2022. REUTERS/Andrew Boyers/File Photo

Squeezed households raid savings as withdrawals reach record amounts

High interest rates will be with us for some time Bank of England warns