What is happening to UK interest rates?

Quick Summary:

Bank of England interest rates affect the mortgage, loan and savings rates for millions of people.

Interest rates affect the mortgage, credit card and savings rates for millions of people across the UK.

In the US, the central bank - the Federal Reserve - has cut interest rates for three meetings in a row.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Mortgage Inflation Mortgages Interest Rates Years Bank 2024 Loans Rate England

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 13:02:03 (12 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.co.uk

Language: English

Article Length: 1198 words

Reading Time: 7 minutes read

Sentences: 63 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 24550338

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Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 8 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #43

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