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The Guardian - UK

Business

Miles Brignall

UK interest rate rise: what it means for you

United Kingdom Robert Gardner Nationwide

The Bank of England has yet again raised interest rates – the 14th consecutive increase since December 2021. After June’s unexpected half a point rise, this time the increase is 0.25 percentage points, taking the base rate to 5.25%. So what does that mean for your finances?

How will mortgage payments be affected?

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