Market-watchers are expecting an increase as early as next month. Here's how it would hit mortgages, savings and debt The era of rock-bottom interest rates could soon be at an end. Expectations are growing that the Bank of England could raise rates as early as next month to tackle rising inflation - a move that could affect mortgage repayments, savings rates and how much of their debts people will be able to pay off. Interest rates are at a historic low of 0.1% but commentators expect an 0.15% i...
Interest rates may be rising soon. Will your finances stand the strain?
The Guardian - 24 Oct 2021 11:30
Market-watchers are expecting an increase as early as next month. Here's how it would hit mortgages, savings and debt The era of rock-bottom interest rates could soon be at an end. Expectations are growing that the Bank of England could raise rates as early as next month to tackle rising inflation - a move that could affect mortgage repayments, savings rates and how much of their debts people will be able to pay off. Interest rates are at a historic low of 0.1% but commentators expect an 0.15% i...
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