Will high interest rates cause a housing crash?
The Story
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Introduction
The Bank of England has just announced its latest change to interest rates. It's putting up the cost of borrowing by half a percentage point, taking the base rate from 4.5% to 5%. There is shock going around as you've learned at this lunchtime. And there could be worse to come: Markets are pointing towards interest rates getting up to 6%. For people across the country, it unleashed a world of pain.
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