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Interest rates: why the era of cheap money is finally ending

By John Whittaker, Senior Teaching Fellow in Economics, Lancaster University
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The Bank of England was widely expected to slightly increase its official bank rate on November 4, but it decided to stick to the all-time low of 0.1%. However, the bank has made it clear that a rise will soon be needed, and the recent increases in mortgage rates indicate that lenders agree. So why the decision…The Conversation

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