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Daily Mirror
Daily Mirror
Business
Ruby Flanagan

Millions face £3,000 mortgage hike - as interest rates announcement due tomorrow

The Bank of England will decide tomorrow whether it needs to increase its base interest rate for the ninth consecutive time.

Interest rates were pushed up by 0.75 percentage points last month to 3%. This was the biggest rise in more than 30 years.

Analysts expect the Bank will hike its base rate to 3.5% on Thursday, which would be another 14-year high for the UK.

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