What will justify an interest rate rise in November? | Richard Partington

As Bank of England hints about a hike, stimulus from the government – including removal of the pay cap – could lead it to push further ahead on rates

We’ve heard it all before. The Bank of England is putting debt-laden consumers on notice of higher borrowing costs, yet again.

But this time, just maybe, interest rates could finally be on the march from as early as November after more than 10 years without a hike. While the first rise may simply serve to reverse last year’s emergency rate cut, there are signals that the Bank may then push still further ahead.

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