More interest rate rises to come, warn experts

PROPERTY NEWS FLASH UPDATE

Posted in Feb 20 , 2023

There are more Bank of England base rates to come, a group of property finance industry experts has warned.

Personal finance comparison site Finder compiled an expert panel consisting of 11 academics, economists, mortgage and savings experts, and asked them for their predictions and opinions on the future of the Bank of England’s base rate and the impact of this on the UK economy.

Five of the 11 experts predict that the base rate will sit at 4.25 per cent by the end of 2023, and two out of 11 believe it will end the year at 4.5 per cent.

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