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Bank of England MPC meeting November 3rd 2022 - what are your predictions and how are you preparing
in Mortgages & endowments
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While they want to reduce inflation, they don't want to kill off spending altogether and put us into recession. A small tester increase would be prudent to see how things go and how mortage lenders react, with the option of a larger one if needed later
We will already go into recession and Mortgage lenders have already reacted, that is why the cheapest mortgages are currently at 6% or more and won't be coming down for a few years.