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Interest rates - the basics
How do interest rates affect us all?
A decade of historically low interest rates has come to an end. The Bank of England has consistently been increasing rates in a bid to stop prices - and the cost of living - from rising at such a rapid rate. But how exactly do interest rates affect you? And what are some of the things you NEED to know about it? The man with the answers is Kevin Peachey, the Βι¶ΉΤΌΕΔ's personal finance correspondent. This is 5 Questions On - Interest Rates – the Basics.
Image Credit: Yui Mok/PA Wire
