The Bank of England has increased the base rate to 1.75% from 1.25% - the biggest single rise in 27 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn...
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Bank of England increases base rate to 1.75% – what the rise means for your mortgage and savings
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Bank of England increases base rate to 1.75% – what the rise means for your mortgage and savings
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MSE_Emily
Posts: 208 MSE Staff
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happy daysI own an EV. AMA0
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Not suprised with today's increase just did not think the rates will begin to rise in 2022.
The inflation is now near 10%, looks like more increase to come.
Mortgage repayments will be going up when it comes to next fix.
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