Standard Variable Rate Why does the base rate change? The Bank of England base rate is reviewed 8 times per year and it didn't increase on 14th December 2023. The Monetary Policy Committee and the Bank of England uses it as a means to influence the UK economy and control inflation. Volum...
On 2nd November 2023, The Bank of England's (BoE) Monetary Policy Committee (MPC) voted for the Bank of England base rate to remain at 5.25%. The Bank of England base rate is at its highest level since March 2008 following consecutive rises between December 2021 and August 2023. In this...
Find out when the next Bank of England MPC meeting is, why the base rate increases and how the base rate can affect your mortgage.
When the Bank of England change their base rate, this can affect your mortgage if you have a variable interest rate. Find out what changes to the base rate mean for your mortgage.Current Bank of England Base Rate The current Bank of England Base Rate is 4.75%....
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.
The current BoE (Bank of England) base interest rate is 4.75%, following the most recent Monetary Policy Committee on 19 December 2024. When is the Bank of England base rate's next review? The Bank of England next meet on 6 February 2025 to make a decision on the base rate. They meet...
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Bank of England cuts base rate to 5.25%CHRISTOPHER SIMSCity editor
Ulster Bank boasts a 5.2% Annual Equivalent Rate (AER) on savings, but you’ll need to deposit £5000 to access this rate. Aviva Save promises 5.02% AER, and asks for a smaller minimum deposit of £1000. The Bank of Scotland’s fixed-rate bond account is offering 4.4% AER for two...
The Bank of England (BoE) base rate, also known as the Bank Rate or ‘the interest rate’ is the figure lenders are charged to borrow money.