UK mortgage interest rates will rise four times this year to 4.75%, markets predict

Investors believe Bank of England is likely to act amid sustained rise in inflation from Iran war Business live – latest updates ‘Trumpflation’: how the Iran war’s economic storm could affect Britons The Bank of England will raise the cost of borrowing four times this year, pushing UK interest rates from 3.75% to 4.75% amid the conflict in the Middle East, according to financial market speculators. In a blow to mortgage payers, international investors are betting that the UK is vulnerable ...

By Phillip Inman and Graeme Wearden