‘Disappointing’ inflation rise likely to delay Bank of England interest rate cuts | Personal Finance | Finance
A “disappointing” rise in the official inflation rate from 2 percent to 2.2 percent is set to delay further cuts in the Bank of England base rate.
Finance experts say the news could hit home buyers in the pocket by slowing cuts in mortgage rates.
A number of major lenders have cut mortgage rates for new customers and those remortgaging to below 4 percent.
There is no likelihood that these will be reversed, however further reductions may now be delayed.
City experts have predicted that the…
