How the Bank of England's interest rate hikes are filtering through to your finances
- Written by William Tayler, Development Lecturer in Economics, Lancaster University
The Bank of England, London.Claudio Divizia/ShutterstockThe Bank of England has increased interest rates to 5.25%, a level not seen since April 2008 and markedly higher than the all-time lows of 0.1% seen less than two years ago.
In fact, interest rates hovered between 0.1% and 0.75% for the 13 years to May 2022. We are now in a new era in which...
