Fears of up to three more interest rate rises this year have eased with economists saying the chances are now that there will be just the one, or even none.
But there are now rising hopes that the peak of interest rates may be closer than previously feared, and was hinted at last week by Andrew Bailey, Governor of the Bank of England which sets interest base rates. Dr Edward Jones, a senior lecturer in economics at Bangor University, agreed, and said a rate rise in September could be the last we see “if the economy continues along its current trend.”
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