If financial markets are right, UK interest rates will be 6.25% for the year, down from 5% now and the highest level in almost a quarter century. This could put even more pressure on mortgage borrowers and increase the risk of a recession, as ING’s James Smith and Chris Turner discuss in this podcast
In this podcast, a replay of an ING event this week, James Smith, Developed Markets Economist, and Rebecca Byrne, Editor-in-Chief, discuss the outlook for inflation, interest rates and mortgage costs in the UK and whether a recession is now is inevitable, while Global Head of Markets Chris Turner explains what the markets are looking for – and why the pound has faltered as interest rates rise.
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