4th August 2022
Shock for lettings and sales markets as big interest rate rise announced
The Bank of England's Monetary Policy Committee has announced that base rate is rising from 1.25 to 1.75 per cent.
The rate is now at its highest level since December 2008 after the biggest single rise since 1995.
In addition the Bank has also raised its inflation forecast to 13 per cent and now predicts the...