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The Independent UK

Business

Vicky Shaw

Rise in mortgage rates on Thursday looks inescapable, say experts

Bank of England Inflation Alice Haine Andrew Montlake Bestinvest

PA Archive

A further rise in some people’s mortgage rates on Thursday looks inescapable, according to experts, as inflation remains stubbornly high.

The Bank of England is expected to raise the base rate by 0.25 percentage points on Thursday, taking it to 4.75%, although some commentators have suggested there could be a more aggressive increase of 0.5 percentage points.

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