Article 5RCFK Tell us: how will you be affected if UK interest rates rise?

Tell us: how will you be affected if UK interest rates rise?

by
Guardian community team
from on (#5RCFK)

The Bank of England is expected to raise interest rates in the next month and we would like to find out how people may be affected

It's expected that the Bank of England will begin to increase interest rates this month or next to tackle rising inflation. Interest rates are currently at a historic low of 0.1%.

We would like to understand more about the impact any increase may have on household finances.. Do you have concerns about your mortgage or debt repayments? Or perhaps a rise will help with savings? Or is there another reason why you will be keenly watching for the Bank's decision?

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