Interest rates may be rising soon. Will your finances stand the strain? - short news
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..
source: The Guardian - 24.10.2021