![]() ![]() ![]() But I also know that high inflation hits everyone, and hits people on the lowest incomes hardest and that’s why we have taken the action we have. I’m very aware of the impact of interest rate rises on mortgage holders across the country. Q: Have you got a mortgage Governor? If so, have your repayments risen as a result of the rate hikes?Ī: I’ve lived in my home for 27 years, so I’m old enough and fortunate enough to no longer have a mortgage. We know how difficult this has been for people, which is why our focus is bringing inflation back down to 2% - and raising interest rates is the best way to do that. A: The biggest cause of the cost of living crisis has been the increase in energy and food prices due to the war in Ukraine. ![]()
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