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Daily Mirror
Daily Mirror
Business
Levi Winchester

Interest rates predicted to rise to 0.5% - what it means for your mortgage and savings

Bank of England Monetary Policy Committee

The Bank of England is expected to increase interest rates this week - but what does this mean for savers and borrowers?

Markets are predicting the central bank will hike its base rate from 0.25% to 0.5% this Thursday (February 3) when the Monetary Policy Committee meets.

The base rate is what the BoE charges other banks and lenders.

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