Talk of rates rise by Christmas welcomed by some economists who say crisis-level borrowing costs are no longer justified
Financial markets have raced to price in a UK interest rate rise by the end of the year following the clearest indication yet from the Bank of England that it is close to calling time on the era of record low borrowing costs.
Households and business owners were warned to prepare for rates to rise as soon as November from 0.5%, where they have been for more than five years.
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