{"id":87100,"date":"2023-10-29T15:35:08","date_gmt":"2023-10-29T15:35:08","guid":{"rendered":"https:\/\/celebritytidings.com\/?p=87100"},"modified":"2023-10-29T15:35:08","modified_gmt":"2023-10-29T15:35:08","slug":"mortgage-relief-for-millions-as-bank-of-england-expected-to-keep-interest-rates-unchanged-next-week-what-it-means-the-sun","status":"publish","type":"post","link":"https:\/\/celebritytidings.com\/lifestyle\/mortgage-relief-for-millions-as-bank-of-england-expected-to-keep-interest-rates-unchanged-next-week-what-it-means-the-sun\/","title":{"rendered":"Mortgage relief for millions as Bank of England expected to keep interest rates unchanged next week – what it means | The Sun"},"content":{"rendered":"
MILLIONS of households could breathe another sigh of relief as interest rates are expected to remain unchanged next week.<\/p>\n
Experts think that the Bank of England will avoid another interest rate rise for the second time in a row after almost two years of consecutive hikes.<\/p>\n
<\/p>\n
The base rate, which influences the interest that people pay on their mortgages, is widely expected to be kept at 5.25%, although markets see some chance that it could rise.<\/p>\n
James Smith, a developed markets economist at ING, said that the meeting is likely to be highly predictable.<\/p>\n
In September, four of the nine-person monetary policy committee (MPC) voted to raise rates to 5.5%.<\/p>\n
James said: "It would only take one committee member to change their mind to tip the balance in favour of more tightening \u2013 but we're doubtful."<\/p>\n