The Bank of England has raised the interest rate from 3.5% to 4%.
According to media reports, the interest rate in the UK has reached a 14-year high.
According to experts, the interest rate will go up to 4.5 percent in the summer.
According to media reports, tracker mortgage customers will have to pay £49 more as interest rates rise. Consumers taking out a normal rate mortgage will pay £31 a month more.
According to media reports, the Bank of England is continuously raising interest rates to control inflation.