The Bank of England has voted to keep interest rates at the record low level of 0.1%, but has signalled they are likely to go up in the “coming months”.

Setting interest rates is one of the many ways the Bank tries to control the UK economy.

If interest rates rise, it can make borrowing more expensive – especially for homeowners with mortgages – but it can also give savers a better return.

Read more from this really useful BBC article >

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