The current rate rising cycle is nearing an end as inflation is expected to remain within or close t...
The current rate rising cycle is nearing an end as inflation is expected to remain within or close to the Bank of England's target of 2%, according to Kris Gozra, head of treasury for The Derbyshire Building Society. UK retail sales, particularly over the key Christmas period, were below expectations and wage price inflationary pressures remain low. Gozra said: "In the markets, interest rates have risen recently in anticipation of a further rate rise." However, this is as far as it goes for this cycle, according to Gozra. He said: "While we believe this is a short-term blip, in the l...
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