Get ready for Base Rate rises

The shock jump in inflation has led to speculation that Base Rate could rise sooner than was previously thought

It’s one of the most commonly asked questions of financial experts and economists and yet a convincing consensus still eludes them. When will interest rates rise?

With the Bank of England Base Rate having now been at its record low of 0.5% for 13 months, both borrowers and savers are keen to know when it will go up. Because go up it will, that’s about the only thing the markets are agreed on. When it will rise and how quickly is the subject of much debate. more...