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Daily Mirror
Daily Mirror
Business
Levi Winchester

How much your mortgage will rise by if Bank of England hikes interest rates today

The Bank of England is expected to raise interest rates again today for the thirteenth time in a row after inflation remained unchanged at 8.7%.

The base rate - which influences the interest rates many lenders charge for mortgages, loans and other types of credit - is currently at 4.5%.

Some analysts expect the base rate to rise by 0.25 percentage points to 4.75% - with others predicting an even bigger increase to 5%.

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