The Bank's Financial Policy Committee said this will include £500-per-month hikes for the mortgages of around 420,000 households.
Meanwhile, between 1 million and 1.5 million people are set to see a second increase in rates, having already fixed to a higher price since interest rates started rising in the second half of 2021. Around 31 per cent of all mortgages, or 2.7 million people, are expected to refinance onto a rate of more than 3 per cent for the first time before the final quarter of 2027.
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Carse justifies England faith as the archetypal bold pick
If you won a boxing match after your opponent continually punched themselves in the face, how much credit can you take?
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Old Trafford has not seen anything like this before.
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What is so daunting about Spain's new data checks?
Q You have written about the new âred tapeâ for visitors to Spain. So, as well as your usual passport details you will give a contact number, address and email. Not exactly the Spanish Inquisition, is it?
Sectarian clashes claim at least 130 lives in Pakistan
At least 130 people were killed in deadly sectarian clashes in Pakistan's northwestern Kurram district in spite of a tentative ceasefire, days after gunmen opened fire on a convoy of vehicles carrying Shia Muslims, local officials said.
Coalition government likely in Ireland as count proceeds
Fianna Fail say decisions on power-sharing for another dayâ
How Syria's forgotten war is back on the world's agenda
Many believed the country was lost in an unsolvable conflict, until everything changed in a matter of days, writes Bel Trew
Assad regime scrambles to halt Syrian rebelsâ advance
Civilians reportedly killed by Russian and Syrian airstrikes
Mother of poisoning victim says she knew she would die
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