Interest rates rise for the first time in over three years – what does it really mean for you?
The impacts of the interest rate rise will be most visible for mortgage-holders (Picture: Getty Images) The Bank of England has hiked up interest rates for the first time since August 2023, amid concerns the Iran War could lead to a lengthy bout of inflation. For almost a year, the Bank Rate has been set at 3.75% after a drawn-out series of reductions from the high of 5.25% three years ago. But…
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