RE: IF Moulding wants to take Private?4 Nov 2022 12:01
BOE Markets Overcooked UK Rates
Growth Stocks Pivot Inbound
The MPC on Thursday raised base rates sharply by 0.75 percentage points to 3 per cent, but BoE governor Andrew Bailey suggested markets had overcooked their predictions of future rises, which influence the pricing of home loans, and said lenders needed to reflect this in their mortgage pricing.
“[The Bank rate] will have to go up by less than currently priced into financial markets,” Bailey said in comments after the announcement. “That is important because, for instance, it means that the rates on new fixed-term mortgages should not need to rise as they have done.”Â