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interest rates have been held at 5.25% for the seventh time in a row by the bank of england, despite the rate of inflation hitting the bank s target level of 2% for the time in three years. of 2% for the first time in three years. economists have predicted that interest rates, which are currently at a 16 year high, won t be cut until august. with more, here s our chief economics correspondent, dharshini david. ok, so it s four bedrooms. first time buyerjames has his eye on his dream home in coventry. but getting the keys to the door has been more challenging than expected as higher mortgage rates have made the first rung of the housing ladder harder to grasp. we definitely had to make some cutbacks as a couple and look at our financial plan to see if we could afford the mortgage. with the rates being high, we ve had to save for effectively another year to come into line with that. it s also understanding, yeah, the term of the mortgage, you know, from looking at it, it ....