
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