Interest rates expected to rise for first time in over three years
Most analysts are predicting an increase from 3.75% to 4%, the first increase in more than three years.
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Interest rate
The price of borrowing money, expressed as a percentage of the amount borrowed. A central bank sets a benchmark rate that other rates follow.
It decides how much people pay on loans and mortgages and how much savers earn, and it is the main tool for fighting inflation.
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