LONDON, June 23 (Reuters) - If one reason the Bank of
England has failed to gain traction on exceptionally high UK
inflation is too many fixed-rate mortgages, it may face the same
problem when it needs to hit r.
Andrew Bailey made no attempt to sugarcoat his message. Announcing an interest rate rise from 4.5pc to 5pc, the Governor of the Bank of England was talking tough.
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