What’s happening with UK interest rates?

With inflation, rising interest rates and the cost-of-living crisis having a tight grip over the country, it is clear the current economy will require a lot of correction before we see a return to any semblance of the pre-Covid pandemic normality. Schroders draws parallels between the current situation and that of the 1970s. It also offers a forecast of the economic position in relation to the increasing interest rates.