Sir Charlie Bean: Rates could hit 5% within decade

Market expectations of rates rising to 2.5% over the next three years appeared a "broadly sensible judgment", he said, adding it was rational to expect further increases from there. Bean (pictured), who will step down from his BoE role on 30 June, said it "may well be so" that rates could return to 5% within ten years. "I wouldn't want to say it will be back there in ten years," he said in an interview with Sky News, [but] it might be reasonable to think that, in that very long term, you would go back to 5%, but it's probably quite a long way down the road." Homeowners have benefit...