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The National (Scotland)
The National (Scotland)
National
Carlo Simone

Finance expert explains how to avoid a credit card rate rise as recession looms

Interest rates have risen to their highest level since 2008 (PA)

A finance expert has given advice on how to avoid a credit card rate rise as the Bank of England voted to increase interest rates to 1.75%.

It is also expected that the Consumer Prices Index Inflation will hit its highest level since September 1980 in two months' time climbing to 13.3% if regulator Ofgem hikes the price cap on energy bills to around £3,450, the Bank’s forecasters said.

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