When the Bank of England held interest rates at 0.5% at the start of this month, it was widely expected. Later on in the month, the picture changed when the governor Mark Carney said in a speech just over a week later that a rate rise “could happen sooner than financial markets currently expect”.
Cryptic as always, but an indicator things are going to change. How and when will this affect homeowners on tracker mortgages?
If we look at an interview given by the outgoing deputy governor of the Bank of England in May to the BBC, Charlie Bean said