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Inflation comment from LiveMore
17 August 2022
Simon Webb, managing director – capital markets and finance at LiveMore, said: “With inflation rising to above 10% earlier than expected it puts even more pressure on the Bank of England to raise the base rate and it may even be another 0.5% increase next month. This brings into sharper context why borrowers should opt for long term fixed rate mortgages so they can beat inflation and be certain their monthly payments won’t rise for a fixed period of time.”
