3 February 2022
Five ways a rate hike will hit your financesThe Bank of England is expected to increase rates once again at its meeting this week, with the markets expecting interest rates to rise to 0.5%. What’s more, they expect three more increases this year, meaning that by Christmas 2022 we’ll have a base rate of 1.25%, if the expectations are to be believed.
Even a 25 percentage point increase to 0.5...