Friday, January 21, 2011
Some fear that interest rates will rise
Some of the worldâ€™s leading investors have turned bearish on government bonds from developed countries as they warn of the growing danger of inflation. Data this week showing the UKâ€™s consumer price index hit 3.7 per cent in December fuelled that concern and sent benchmark British borrowing costs to an eight-month high of 3.72 per cent... The trend has caused homeowners to rush to fix their mortgage rates as lenders withdraw their cheapest fixed-rate deals.