Interest rates stay low?

BoE expert: low interest rates will last for another 20 years

This is Money

SIMON LAMBERT: We've been told interest rates will stay lower for longer, so could a chaotic Brexit really see them hit 4%?

The interest rate rise last week was no surprise.

Unlike previously hotly-tipped rate rises that came to nothing, the Bank of England did nothing to dispel expectations in the run-up to the decision.

That banks have hiked mortgage rates by more than savings rates shouldn't come as a shocker either.

We long ago learnt that the explicit and implicit public support that kept banks and building societies intact through the financial crisis will never be properly repaid.

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