IMF says high interest rates 'temporary' and could slide back to pre-Covid levels
Amid a period of surging mortgage rates, analysts predict interest rates are likely to revert to pre-pandemic levels.Homeowners hit with surging mortgage repayments may be relieved to hear that interest rates could soon fall back down to the record-low levels seen in early 2020 and beyond. A report from the International Monetary Fund (IMF) suggests the recent spike to be a blip in the trend, after which rates will drop once the current high inflationary period passes.
