Explained in plain English
Who borrows from banks?
Banks lend money to all sorts of people and organisations. Individuals borrow for things like mortgages and car loans. Businesses borrow to expand or manage cash flow. Governments also borrow, often by issuing bonds. The Bank of England's decision to hold interest rates steady affects how much it costs for everyone to borrow.
Stories that explain this
Pound falls to $1.337 as the Bank of England holds interest ratesQuestions this opens up
Who needs a mortgage? Why do businesses borrow? What are government bonds?This explainer came from a news story
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