Interest rates are going up again - to 4.5% - the highest level they have been for 15 years.(Subscribe: https://bit.ly/C4_News_Subscribe) The Bank of England today said it was more optimistic about economic growth - it now believes there will be no recession this year.But it also thinks inflation is going to stay higher for longer.Rising rates mean that over a million people are about to see their mortgage payments shoot up as their fixed rate deals end this year.----------------------- Follow us:Facebook - https://www.facebook.com/Channel4News/Twitter - https://twitter.com/Channel4NewsTikTok - https://www.tiktok.com/@c4newsInstagram - https://www.instagram.com/channel4news/Did you miss our previous article... https://realestatevideos.club/Mortgages/canadian-mortgage-delinquencies-to-rise-by-one-third-in-the-next-year-rbc
