UK interest rates are expected to rise sharply following the government's tax-cutting mini-budget last week, with predictions it could reach as high as 6% next year - way above projected forecasts.
This means interest rates in Gibraltar will also go up, according to the Gibraltar International Bank's Chief Treasury and Investment Officer.
Gerald Rodriguez said local mortgage rates will inevitably be impacted by the hike.
Speaking to Ros Astengo, he first reflected on how the fall in the value of the pound will affect exchange rates.
