Yes to try and get inflation under control

Arguably inflation is waaay more dangerous over a prolonged period of time than a recession, which is usually short lived albeit painful.
The Federal Reserve in the US have grabbed the bill by the horns to kill inflation in the short term by rapidly hiking rates.
The Bank of England has dithered, ultimately they will also have to hike rates.
If you haven’t already fixed your mortgage it makes sense to look into doing so as rates may rise far higher than people are currently prepared!

Posted By: JoeyDeacon, Jul 28, 15:54:19