UK mortgage interest rates will rise four times this year to 4.75%, markets predict
Investors believe Bank of England is likely to act amid sustained rise in inflation from Iran war Business live – latest updates ‘Trumpflation’: how the Iran war’s economic storm could affect Britons The Bank of England will raise the cost of borrowing four times this year, pushing UK interest rates from 3.75% to 4.75% amid the conflict in the Middle East , according to financial market speculators. In a blow to mortgage payers, international investors are betting that the UK is vulnerable to a
Bank of England likely to make two quarter-point increases amid sustained rise in inflation, investors believe
Business live – latest updates
‘Trumpflation’: how the Iran war’s economic storm could affect Britons
Homeowners’ choice of mortgage deals has shrunk and interest rates on home loans are expected to rise this week, despite financial markets reacting positively to Donald Trump’s pause on his threat to attack Iranian power plants.
Early on Monday, as the end of a two-day deadline set by Trump for a deal with Iran grew closer, financial market data implied that investors believed the Bank of England will attempt to tackle spiralling prices with four quarter-point increases in rates before the end of December.
Coverage from 3 sources
- UK mortgage interest rates will rise four times this year to 4.75%, markets predictGuardian - World · Phillip Inman and Graeme Wearden · Mar 23, 2026, 10:34 AM
- UK mortgage interest rates will rise four times this year, markets predictGuardian - World · Phillip Inman and Graeme Wearden · Mar 23, 2026, 10:36 AM
- UK mortgage interest rates expected to rise despite Trump’s Iran pauseGuardian - World · Phillip Inman and Graeme Wearden · Mar 23, 2026, 1:48 PM
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