Good evening and welcome to bbc news. Interest rates have gone up for the first time in a decade. The bank of england has increased the rate by a quarter of 1 , to 0. 5 , as it tries to control inflation. The banks governor mark carney said households across the uk are generally well positioned to deal with the rate increase. The decision will mean higher Monthly Payments for millions with variable rate mortgages. But its good news at last for savers. Heres our economics editor kamal ahmed. One small step upwards for Interest Rates, affect millions of savers and millions of borrowers. Its more expensive if you have a mortgage, and forjames in south london, its time to cut costs. Weve been very lucky without realising it. I think its going to start, it will probably bite more from now on. For so long we thought, its always going to be like this, but its got to end sometime and we never realised it was going to be this soon. The governor of the bank of england knew it was a delicate bala
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