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Bank of England - Interest rate - is it going up?
Comments
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It will stay the sameNah, not yet but I did not expect it to happen this month, more like February I would have bet on. But at least I was right that it will rise.
Now we saw some companies do really badly before during and after Christmas and New Year. Just heard today that BirdsEye is closing a factory and moving it over to Germany. 500 people out of work and all those losing out who work with them indirectly.
Lets see what the next couple of months will bring us. More rate hikes in Feb?
All I can say is that if you are on a SVR then fix it now! The rate increase will not hit you until Feb but it might hurt.0
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