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From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Est ....
Around like a shopping trolley, we stick to the plan so the families and businesses can start to feel the benefits of the plan actually working. benefits of the plan actually workinu. ~ ., ., . working. we need to force the banks and lenders working. we need to force the banks and lenders to working. we need to force the banks and lenders to give working. we need to force the banks and lenders to give support - working. we need to force the banks and lenders to give support to - and lenders to give support to customers that they need. look, nobody customers that they need. look, nobody wants to extend the term of their mortgage or go to interest only their mortgage or go to interest onl . ., their mortgage or go to interest onl. ., ., , ., ., only. for borrowers, the ultralow interest rates only. for borrowers, the ultralow interest rates of only. for borrowers, the ultralow interest rates ofjust only. for borrowers, the ultralow interest rates ofjust a only. for borro ....