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Wouldn't say so, inflation is expected to drop to sub 3% next year and 2% in 2025 with sub 1% growth this year and year after.
FWIW I fixed at 4.49% this summer for 2 years for peace of mind eventhough I expected the rates to fall.
It's a supply side inflation, rate rises just makes peeps choose between eating/heating or other essentials while prioritising their finances tied to rising rates.
coventry_eagle
@TheButchersDog
I locked at 3.8% for 5 years back in August based on what we knew then.
The days of ultra low interest are behind us but I read may edge down over the next few years but not by a much.