The rise of inflation to 3% has put the Bank of England in the spotlight again and there is the risk that they will raise the the intrest rates again.
This marks the 8th month in a row that the Bank of England has been unable to keep to the gouvernments 2% target rate. The chances are that intrest rates are going to rise again and I think that many people are going to be worried about loan and morgage intrest rates rising and that they are going to struggle to pay off the debts. In a way this could be a good thing because people will really think about whether they will take out loans, but people are going to loose even more money on the loans they already have.
This marks the 8th month in a row that the Bank of England has been unable to keep to the gouvernments 2% target rate. The chances are that intrest rates are going to rise again and I think that many people are going to be worried about loan and morgage intrest rates rising and that they are going to struggle to pay off the debts. In a way this could be a good thing because people will really think about whether they will take out loans, but people are going to loose even more money on the loans they already have.
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