It is looking increasingly likely that the Bank of England may increase interest rates next month. The Monetary Policy Committee will meet again in early November to decide whether the British economy is strong enough to sustain another base rate hike.
According to Reuters, there is an 80% chance that interest rates may rise in November. Significantly, almost one in four economists reckon that the cost of borrowing may climb further still to 5.25% in the first three months of next year. But does this really matter to us as investors?…