'Many believe that the right course of action is being adopted in the background'
Quote 1.
Section: Opinion
Tomer Aboody, director at MT Finance
“Following the unwelcome news that inflation has risen again, it was inevitable that interest rates would have to follow suit in order to try to get the former under control.
“While the government's target of halving inflation by the end of the year might now look slightly optimistic, many believe that the right course of action is being adopted in the background.
“There are concerns that further rate rises could result in further issues for the banks, but let's hope there is enough stability to counter that risk and that this rise is the penultimate, if not the last, before the bank can start reducing base rate.”
Keywords: bank of England, boe, interest rate, bank base rate, interest rate hike, mt finance, shojin, morganash, just mortgages