What does the interest rate rise mean for my money? Our expert answers your questions
What does the interest rate rise mean for my money? Our expert answers your questions
Today’s news heaped further economic pressure on households (Picture: Shutterstock/TimeShops)
The Bank of England has hiked interest rates by 0.75 percentage points, taking the base rate from 2.25 per cent to 3 per cent – the steepest one-day rise in 33 years.
It means interest rates are now at their highest in 14 years, pushing up mortgage costs, rents and rates charged on almost all forms of…
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