5.25% Shock Rise in Bank Rates: Mortgages, Credit Card Bills to Go Up

Evening Standard - London › January 11, 2007

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Summary

A SHOCK rise in interest rates today spells misery for millions of Londoners.

The highest base rate for more than five years is a blow to homeowners and anyone trying to pay off credit card debts run up over Christmas and in the New Year sales.

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Extract

5.25% Shock Rise in Bank Rates: Mortgages, Credit Card Bills to Go Up

The decision by the Bank of England's monetary policy committee (MPC) to put up the rate from five ...

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