What's happening to UK interest rates and what does it mean for mortgages?
Image: BBC Business
Policymakers at the Bank of England are expected to raise UK interest rates for the first time in more than three years at their next meeting.
Most analysts believe the Bank rate will go up from 3.75% to 4%, following holds at the previous six meetings.
Before the US and Israel launched strikes against Iran in February, rates had been expected to fall this year, but the economic fallout from the conflict has pushed up inflation across the globe.
Interest rates affect mortgage, credit card and savings rates for millions of people.
An interest rate tells you how much it costs to borrow money, or the reward for saving it.
Continue reading at BBC Business
This page shows only an excerpt. The full story is published by BBC Business.
More news View More
:strip_icc():format(webp)/kly-media-production/medias/3464676/original/093645700_1621928371-20210525-Pabrik-Tahu-TALLO-6.jpg)
:strip_icc():format(webp)/kly-media-production/medias/9390469/original/072178300_1793842241-WhatsApp_Image_2026-11-05_at_08.23.45.jpeg)
