tom bateman, bbc news, turmus aya in the occupied west bank.om the bank of england to hike rates to 5% — from 4.5% — as it tries to tackle persistently high inflation. today — the chancellor jerermy hunt will meet with banks and building societies to discuss the upheavel in the mortgage market. our cost of living correspondent colletta smith reports. interest rates are on the up again, and the ripple effect is already being felt. i have actuallyjust bought a house last month, so, yeah, it affected us quite a lot. i've had a house before at a lower rate, obviously, so it is... it's, like, doubled per month now. so, yeah, it's a lot of money. it's the unknown of what's going to happen — if it's going to go up or if it's going to go down. and if we've made the right decision to fix for five years, or should we have maybe fixed for three years in hope that it's going to go lower? who knows? the higher rate should deliver a bit more cash into the accounts of savers, but will bring bigger bills for some homeowners and pressure to the rental market, a