Will interest rates rise in the coming months? | Ed Conway analysis

The Bank of England held the interest rate at 3.75% for the sixth time in a row but hinted hikes will come if inflation goes higher.

The Bank has also warned households that the price cap for energy bills is expected to rise by a further 24% in the first quarter of next year, pushing up the average bill by more than £400.

Sky's economics and data editor Ed Conway has more.

Read more: https://news.sky.com/story/money-live-consumer-personal-finance-interest-rate-mortgages-savings-careers-jobs-tips-sky-news-latest-13040934?postid=12459504#liveblog-body

#economy #bankofengland #money #skynews

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