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The Independent UK
The Independent UK
National
Ben Chapman

How will higher interest rates and inflation affect you?

Inflation Interest Rates Bank of England Rachel Springall UK Finance
PA

Interest rates are rising for the fourth time in six months, meaning higher monthly payments for around 2 million homeowners.

The Bank of England has raised its base rate from 0.75 per cent to 1 per cent – a level not seen since 2009.

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