Bank of England Base Rate: On Thursday 8th May 2025, the Bank of England announced a change in its base rate from 4.50% to 4.25%. Learn what this means for our members Banking that puts you first Our range of accounts with rewarding offers, and help when you need it, are made to su...
Find out all you need to know about the bank's base rate, from recent interest rate changes to the products that the base rate might affect you on.
2023 has been a tumultuous year for homeowners. We saw remortgage fixed rates surging post the disastrous mini-budget last year and then peaking around 6.16% during August due to base rate hikes. Fortunately, recent positive inflation data means the Bank of England has maintained the base rate...
The Bank of England uses the base rate to help control inflation. The current rate of inflation in the UK as measured by CPI is 6.7% which remains much higher than the 2% target. Despite this, the rate of inflation is expected to fall as we head into 2024 with experts predicting that ...
The Bank of England has reduced interest rates for the first time since March 2020, cutting them to 5 per cent.
Bank of England governor Andrew Bailey is outlining four key areas that support the Bank's decision to reduce the base rate to 4.25% and offer an indication of its intentions going forwards. 1. Inflation is falling "Disinflation in domestic price and wage pressures is continuing," Bailey says...
Official bank rate As a tool the BoE uses the Bank of England base rate (BOEBR), now called the Official Bank Rate. When reference is made tothe British, UK's or English interest ratethis often refers to this BoE Official Bank Rate. This base rate is also referred to as the Bank Ra...
Bank of England cuts base rate to 4.25% ByEd Conway, economics and data editor The Bank of England has cut interest rates from 4.5% to 4.25%, citing Donald Trump's trade war as one of the key reasons for the reduction in borrowing costs. ...
Thu, Nov 7 2024 7:40 AM EST Bank of England set for 'fairly shallow easing cycle,' analyst says As the Bank of England pressed ahead with a quarter-point interest rate cut, some analysts turned to the question of how far Britain's monetary policy can be eased. ...
Bank of England base rate change On 8 May 2025, the Bank of England base rate decreased from 4.50% to 4.25%. View more on our base rate information page.Providing an accessible digital service The Co-operative Bank has achieved AA WCAG 2.1 Accreditation for website accessibility by the ...