The Bank of England has now kept the base rate of interest on loans and savings at a historically low level of just 0.5 per cent for more than two years, due to the adverse economic conditions in the UK at the present time. But as speculation is now growing as to when exactly the Bank will increase interest rates, with some expecting an increase in loan rates as early as next month, many financial experts are warning the Bank of England not to increase rate at the moment, as this would have a devastating effect on many borrowers
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Bank Needs To Keep Low Loan Rates
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