![Interest Rates](/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBL2xuUEE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--4b5e5f1611237d7bc8cf268073ae292a7b99ce29/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2QzNKbGMybDZaVWtpRGpFd01EQjROakF3UGdZN0JsUT0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--1533bc691ffb34aece046c58e82bcf9e58c865f8/Interest%20Rates.jpg)
Recently the Bank of England raised interest rates again, up to 4.25%.
But what will the effects be?
π· Much more expensive monthly mortgage repayments;
π· Higher credit card interest rates;
π· Value of cash savings is falling.
It will significantly affect many, and we're expected to see further increases this summer:https://bbc.in/3m9G2ai
#InterestRates#CreditCards#Mortgages#Inflationβ