Industry experts are urging investors to start preparing for higher UK borrowing costs, even though it might take the Bank of England (BOE) a couple of years to hike the interest rates.
The view comes on the back of the UK’s successful vaccination drive that has super-charged the recovery while the government plans for a full reopening in June look to be on course.
A market measure of price increases climbed to a decade-high last month. Meanwhile, the BOE is widely expected to keep record-low interest rates and 150 billion pounds ($209 billion) of bond buying this year.
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