What does the raise in interest rates mean?

The BBC's cost of living correspondent Kevin Peachey explains what the change could mean for those saving for a holiday or to buying a house.

Published on RocksNews: 5 Nov 2026, 14:49 UTC
Updated: 5 Nov 2026, 14:49 UTC
Language: English

What does the raise in interest rates mean? — What does the raise in interest rates mean? — Image credit: BBC News – Business

The BBC's cost of living correspondent Kevin Peachey explains what the change could mean for those saving for a holiday or to buying a house.

Fuel Hedges Kept Emirates Profitable as Earnings Fell Two-Thirds

5 Nov 2026, 14:36 UTC

Banks are turning cautious on lending, according to the Fed. What it means for the economy

5 Nov 2026, 13:58 UTC

Voters rejected AI data centers over resource concerns. Here's why measuring water usage is hard

5 Nov 2026, 13:58 UTC

Chinese AI lab Moonshot turned to Europe for Nvidia Blackwell access amid U.S. China curbs, sources tell CNBC

5 Nov 2026, 13:58 UTC

Faisal Islam: How high will interest rates go?

5 Nov 2026, 13:48 UTC

Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%

5 Nov 2026, 12:57 UTC