This week, Santander, the UK retail bank, announced it had withdrawn nearly all of its retail mortgage deals as it reassesses the market ahead of more expected interest rate increases by the Bank of England. Bond markets are pricing in up to four more rate hikes by the Bank of England; the culprit is the disappointing April inflation report published on 24 May.
Higher-for-Longer Interest Rates Could Jeopardise the Second-Half Rebound
Bond Markets Are Pricing in Higher Rates While a Longer Pause Puts Pressure on Investment and Credit Markets
CoStar Analytics
June 14, 2023 | 1:39 P.M.
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