Interview with Bank of England Governor Mark Carney

The video discusses the impact of interest rate changes on savers and borrowers. Savers will notice changes soon as products like ISAs reprice. Borrowers, especially those with fixed-rate mortgages, will see effects later. Many British households have fixed-rate mortgages, delaying the impact. Remortgaging now could save money due to lower interest rates. Ultimately, borrowing will become more expensive, but credit remains available.

What happens when borrowers with fixed rate mortgages roll over their loans?

What is the expected change in borrowing costs as interest rates fluctuate?