Source: https://www.economicshelp.org/blog/1485/interest-rates/historical-real-interest-rate/
Bank of England raises interest rates by 50bps to 5%.
Rates have been the highest since 2008.
Inflation is at a rise for the last four months in UK and seems to want to stay.
Mortgage rates on 2-year fixed terms had reached 6% yesterday, and with this inflation report, they are sure to rise further.
#interestrates #banking #economics #investing
Adithi Pai 
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