Base RateMar 18 2022

Brokers dub BoE rate rise 'naive’ as mortgage payments climb

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Brokers dub BoE rate rise 'naive’ as mortgage payments climb
Photographer: Jason Alden/Bloomberg

Brokers have called the Bank of England’s latest base rate rise “naive” as consumers face the “double whammy” of lenders increasing their mortgage payments and rising bills.

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