Room To Raise Interest Rates?
A recent report suggests that the Bank of England could raise interest rates by some margin without affecting homeowners.
How? Apparently Ben Broadbent who sits on the Bank’s policy committee on interest rates believes that rates could go up without hurting homeowners taking up the Governments help to buy scheme.
Ummmmm, OK but what about everyone else who is not part of the scheme?
To be fair he adds that rates must not go up to an extent that it could harm recovery, that rates should only go up if the economy is in good health or if inflation got out of control. So not much then !