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.
Source: BlackRock as at 30 June 2023.Important information Lloyds Bank Share Dealing have engaged with BlackRock, a recognised exchange traded fund (ETF) provider, to produce an ETF Quicklist. BlackRock was selected by Lloyds Bank Share Dealing due to BlackRock being one of the largest ETFs pro...
Alex Waters
From the end of 2021 until August 2023, the Bank of England increased the base rate 14 times in a row to 5.25% in order to combat rising inflation. The UK inflation rate fell below the Bank of England's 2% target in September 2024, and in response the base rate was reduced in Novemb...
* AER offered is the Annual Equivalent Rate and it shows you what the gross rate would be if profit was paid each year. At the 2023 Moneyfacts Awards, we won 'Best Fixed Account Provider' for the second year in a row! View our full range of award-winning saving accounts here. Our ...
How to pick the right bank account Before deciding on a current account, you should consider what each one has to offer across a range of areas to find the one best suited to your needs, taking into account - among other things - the rate of interest, any fees, and any additional acco...
For the majority of the MPC, which voted for a steady bank rate, more data was needed to ‘clarify’ the trade-off between hawkish and dovish news. For the dissenters, heightened medium-term downside risks to inflation won the day and would have warranted moving to a less restrictive policy...
Today’s announcement from the Bank of England that UK base rates are to increase by 0.25% from the previous rate of 4.25% to a new rate of 4.5%, must hardly come as a surprise. Most economists and analysts have been predicting that the Bank would hike again ...
As well as cash in the bank, this balance includes unsettled cash flows arising from both shareholder flows and outstanding trades. Therefore, a negative balance may arise from timing differences between shareholder flows and security trading, and does not necessarily represent a bank overdraft. The...
"The Bank has already said regulated price rises and the effects of the budget could add around half a percentage point to the inflation rate by the second quarter. "Many businesses will now be in the process of passing on NIC and minimum...