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Three ways the interest rate rise could affect you

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Three ways the interest rate rise could affect you

Published: Nov 5, 2026, 10:00 PM

Read Time: 1 min

0:00

Three ways the interest rate rise could affect you

Any rise in the Bank rate means an increase in the monthly repayments on their outstanding loan. For a typical loan, the cost is going up by about £31 a month now the Bank has raised the base rate, but it depends on the size of people's loans.