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Monday, May 14, 2007

Inflation

Analysts expect the rate of consumer price inflation to fall from 3.1% in March to 2.8% in April, when the figures are released tomorrow.

This in theory is good news for those with mortgages and debt, as it takes some of the pressure off the Bank of England to raise rates again. However, the Bank of England in its inflation report is expected to repeat its warning that there are increasing risks of inflation over the medium term.

Therefore borrowers should be aware that there may be at least one more increase in interest rates this year.

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