FIFE HOMEOWNERS: Navigating the Latest Interest Rate Rise to 5.25% (Watch/Read/Listen)

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-HOMEOWNERS-Navigating-the-Latest-Interest-Rate-Rise-to-5-25-e27sbro 

 

Interest rates have risen to 5.25% following a 0.25% increase announced by the Bank of England.

 

This is the 14th consecutive rise and marks the highest interest rates in 15 years.

 

The reason behind these rate hikes is to combat high levels of inflation. The government has set a target of 2% inflation, and the recent inflation rate drop to 7.9% in June has been better than predicted by the markets.

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