How the UK’s 15-year high interest rates compare to the rest of the world 🔎 Read cahalmilmo's analysis
Victoria Scholar, head of investment at finance platform Interactive Investor, said the sense that “we’re all in this together” that saw interest rates raised across the Western world since 2021 has been replaced with a sense that the UK is a bit of an outlier.
She argues, along with many in the City, that while the Bank of England may have questions to answer about whether its “ultra-loose” monetary policy during Covid contributed to the UK’s lingering inflation problems, it is now at least on track to tame the beast, with interest rates likely to peak by early next year at the latest.
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