The boss of Britain’s biggest lender has said that mortgage rates will stick at a “new normal” of up to 4.5pc. Charlie Nunn, the chief executive of Lloyds Banking Group said that after a decade of rates between 1.5pc and 2.5pc, the expectation in the markets was that the Bank Rate would not drop below 3.5pc. But he said that any cut to the Bank Rat…
The boss of Britain’s biggest lender has said that mortgage rates will stick at a “new normal” of up to 4.5pc. Charlie Nunn, the chief executive of Lloyds Banking Group said that after a decade of rates between 1.5pc and 2.5pc, the expectation in the markets was that the Bank Rate would not drop below 3.5pc. But he said that any cut to the Bank Rat…
