Bank of England hikes interest rates to 5%, stoking fears of a ‘mortgage bomb’

0 minutes, 13 seconds Read

The Bank of England raised interest rates by half a percentage point Thursday, after data this week revealed surprisingly stubborn inflation. The move will pile pain on people with mortgages and put more downward pressure on house prices. 

Article Source: Latest From CNN Read More 

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *