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Daily Mirror
Daily Mirror
Business
Levi Winchester

Interest rates hiked to 3.5% in 14-year high - what it means for your money

Interest Rates Bank of England Inflation

The Bank of England has hiked UK interest rates to 3.5% in more misery for borrowers and homeowners.

The base rate has today been increased by 0.5 percentage points, up from 3%.

It means interest rates remain at their highest level in 14 years, since the 2008 financial crisis.

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