as well as the interest rate they pay on savings accounts. The Bank moves rates up and down in order to control UK inflation - which is the increase in the price of something over time.
The Bank moves interest rates up and down to try to keep inflation ... Inflation is the increase in the price of something over time. For example, if a bottle of milk costs £1 but is £1.05 ...
According to a new study, over two-thirds of UK mortgage brokers expect interest rates to stop falling and resume their ...
The Bank of England’s decision to cut interest rates by 25 basis ... Indeed, with most UK mortgages agreed at a fixed rate, it will take time for any rate cuts to improve consumers’ cash ...
Bank of England policymaker Catherine Mann said on Thursday a pick up in inflation was unlikely to lead to longer-term price ...