INFLATION STUBBORNLY HIGH BUT MORTGAGE RATES EDGE LOWER – ZOOPLA
Mortgage deals now available at sub 4% rates – and inflation still expected to fall quickly in the second half of this year.
Inflation remains stubbornly high suggesting the Bank of England will increase interest rates further.
The rate at which the cost of goods and services are rising – as measured by the Consumer Prices Index – fell slightly in March, dropping from 10.4% to 10.1%.
But the fall was lower than economists had been expecting, with inflation still more than five times higher than the Bank’s 2% target.
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