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UK and Australia raise interest rates again: what is at stake
Central banks in the UK and Australia raised interest rates in the same week, with the euro area expected to follow in December. This piece traces the shared cause—energy prices tied to the Middle East conflict—and what the increases mean for mortgages, savings and loans.
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For anyone with a variable-rate mortgage, savings account or loan, or who noticed rates rising and wants to understand why energy and the Middle East conflict are driving it, and what might come next.
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