It is understood that the Bank of England will increase interest rates once again starting next week.
Nine members of the Monetary Policy Committee will meet up to decide whether they should push up the amount that millions of mortgage holders will have to pay to their bank each month. It means that the Bank's base interest rate may increase from 3 per cent to 3.5 per cent in December - the highest rate in 14 years.
Despite this, the 0.5 percentage increase may indicate a slight calming period in rate increases following the decision to raise it by 0.75 percentage points last month which signified the highest single increase since 1989. However, it will also be the ninth time in a row that the interest rates have been hiked up.
