What The Bank Of England’s Historic Announcement Means For You
But, the deputy governor, Ben Broadbent, previously warned that pricing in rates would not rise above 5%. He claimed that if interest rates reached this level, it would take a deeper recession to bring the inflation rate back to the central bank’s 2% target.
Article source: https://www.huffingtonpost.co.uk/entry/bank-of-england-base-rate-interest_uk_63637a08e4b0e1b9a4ad323f