UK inflation and interest rates: what can the Bank of England do to control rising prices?
Автор: The i Paper
Загружено: 2022-11-15
Просмотров: 945
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#inflation #interestrates #bankofengland
🏘️ Mortgages have been hit hard by rapidly rising interest rates, but with the Bank of England set to raise rates again, i explains why the bank is using this as a tool to combat inflation and what it means for you.
📈 Higher interest rates make it more expensive for people to borrow money, encouraging people to save, which reduces overall spending in the economy.
💳 If people spend less on goods and services, the prices of those things tend to rise more slowly, lowering the rate of inflation. But the risks of a recession loom large in any decision.
📰 Read more on how the Bank of England’s tries to reduce inflation by raising interest rates: https://inews.co.uk/news/raising-inte...
📰 What could even higher interest rates mean for the UK’s housing market? Read i's Housing Correspondent’s take here: https://inews.co.uk/news/rising-inter...
#politics #interestrates #mortgage #inflation #ukrecession #ukhousingmarket #ukmortgagerates
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