How High Will Interest Rates Go?
Many Happy Returns
Introduction
UK has highest inflation of any major economy and markets expect the Bank of England to keep hiking interest rates in response. But how high could rates go? Will mortgages become unaffordable? I want to know whether there'll be a recession and if house prices could crash. And in today's dumb question of the week, why do central banks raise interest rates incrementally rather than in one big jump? All right, let's get into it.
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