Interest rates held at 4.75% by Bank of England - what it means for your money

Inflatie

Interest rates have been held by the Bank of England at 4.75% after inflation rose for the second month in a row. The base rate has come down in recent months from its high of 5.25% - but news of no further cuts this year will be a blow to millions of mortgage borrowers who have seen their costs rocket over the last two years, as well as those who need to remortgage next year. Six members of the Monetary Policy Committee (MPC) - who are responsible for making decisions about interest rates -

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