Charcol calls rate rise

However, it is not a 100% certainty given recent comments by the governor of the Bank of England Mervyn King. “He said last week it was not a done deal, which I think is interesting,” Boulger says. “Normally the government talks up interest rate rises, however, I would say a rates rise is an odds-on bet.” Boulger says anybody planning their borrowing would do better to factor in rising interest rates rather than the other way round on the evidence available. Any increase when the MPC meets this week - an announcement is expected on Thursday - is likely to take the key base rate to 5...