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Five million more households yet to feel full rate hike burden, Bank of England warns

Sky News Wednesday, 6 December 2023
The Bank of England has said that UK households and businesses have been "resilient" in the face of rising interest rates – but repeated previous warnings that the full effect of higher interest rates was yet to come through.
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Bank of England governor Andrew Bailey has said he is "optimistic" that inflation pressures would ease sufficiently for the central bank to cut rates further. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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