And suddenly they stopped. After 14 interest rate rises in a row, the Bank of England stalled and kept base rate on hold.
A lower than expected inflation number and slew of economic reports indicating the heat was being taken out of the economy were credited with staying the Monetary Policy Committee’s hand.
So, will 5.25 per cent now be the peak for base rate or could rates once again start to head higher from here?
And what does the Bank of England’s decision to pause mean for savings rates and mortgage rates?
On this week, Georgie Frost, Lee Boyce and Simon Lambert discuss why interest rates were held, what nudged inflation down, what could happen next and what all this means for savers, borrowers and investors.
Plus, what does the government rowing back on Net Zero plans mean for electric cars, EPCs and how we heat our homes.
And finally, if your neighbours can seen into your garden and you don’t like it, can you just stick up a very tall fence or do you need planning permission (and risk triggering a neighbourly battle)?
