How will rising interest rates affect you?

104290142 Watch | How will rising interest rates affect you?
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The Bank of England’s leading interest rate has been at a record low level since 2009, but with rising inflation and the possibility of an increase in Bank Rate, how could rising interest rates affect homeowners, pensioners and holidaymakers around the country?

In the video above, we take a closer look at what happens when interest rates rise and examine the effect this could have on the housing market, investment bonds and how it could eventually strengthen the pound against other currencies.

This is the second video in a new series that delves into some of the most popular topics covered by our Telegraph Business desk and outlines how they affect you as a consumer.

Future episodes within this series will look at what the price of bread can tell us about the economy and why free trade trumps protectionism.

Watch last week’s episode below, which delves into the rise and fall of the great British pub.

The rise and fall of the British Pub Watch | The rise and fall of the British Pub
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