Interest rates have been raised for the first time in more than three years - and it could be good and bad news for you.
Rate-setters at the Bank make changes to interest rates to fulfil their role of keeping price rises at a steady level.
Higher rates are meant to encourage people to spend less, reducing demand for goods and services and limiting price rises.
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The BBC's economics editor views one more interest rate as likely, but thinks that will be all.
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