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Biggest base interest rate increase since 1989 by the Bank of England

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© Licensed to London News Pictures. 03/11/2022. London, UK. Women look at the Bank of England in the City of London. The Bank of England increased its base interest rate by 0.75 per cent to 3 per cent, the biggest rate increase since 1989. It is estimated that 1.5 million mortgage borrowers with home loans linked to the base rate will be affected. Photo credit: London News Pictures

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housing market. properties inflation cost of living Bank of England interest rate mortgage borrowers
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© Licensed to London News Pictures. 03/11/2022. London, UK. Women look at the Bank of England in the City of London. The Bank of England increased its base interest rate by 0.75 per cent to 3 per cent, the biggest rate increase since 1989. It is estimated that 1.5 million mortgage borrowers with home loans linked to the base rate will be affected. Photo credit: London News Pictures