UK interest rate rise: how will it affect you?

The quarter-point rise to 4.5% hits mortgage holders, credit card users and people seeking loans, but savers could benefit

• Full story: Bank of England raises UK interest rates to 4.5%
• Larry Elliott: What happens next?

The Bank of England has yet again hiked interest rates, in the 12th consecutive rise since December 2021. This time the increase is 0.25 percentage points - taking the base rate to 4.5%. So what does that mean for your finances?