The Bank of England (BoE) is gearing up to announce its review of the Base Rate next week - which could lead to some financial changes.
The Bank's interest rates have a major influence on other rates all across the UK. It can affect the rates of people paying for loans, mortgages, or savings accounts - it can also be referred to as the 'base rate'.
Over the past year, the Bank has been steadily raising interest rates in order to drive down inflation and balance out the economy. If it announces an increase on February 2, it will become the tenth consecutive interest rise so far.
