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In the interval from the 2009 financial crisis until 2021, the Bank of England purchased £875bn of presidency bonds. This was done by way of a course of referred to as quantitative easing, which was designed to scale back overall government borrowing costs, lower rates of interest and stimulate spending within the economy. It describes its key job as guaranteeing the UK has secure banknotes, stable prices, a safe banking sector and a resilient financial system.
Because there is a lag between actual rate hikes and mortgage charges, lots of owners and renters have yet to see increases of their …