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Many economists expect the base rate to rise by 0.25 percentage points, to 5.25%. that would be the highest rate for more than 15 years. it ll be the bank s latest move to combat high inflation. let s talk to our work and money reporter peter ruddick. just reporter peter ruddick. talk us through why the ba doing just talk us through why the bank is doing this and what it means for people who, for example have mortgages? mortgages? absolutely. it is a twistin: mortgages? absolutely. it is a twisting day mortgages? absolutely. it is a twisting day for mortgages? absolutely. it is a twisting day for the mortgages? absolutely. it is a twisting day for the bank - mortgages? absolutely. it is a twisting day for the bank of i twisting day for the bank of england. 18 months on from the first interest rate hike, essentially, backin interest rate hike, essentially, back in december 2021. think what we are beginning to get now is the economic theory meeting the reality for households and b ....