MoneySavingExpert.com homepage
Cutting your costs, fighting your corner
Founder, Martin Lewis · Editor-in-Chief, Marcus Herbert
Search bar closed.
MSE News

Base rate held at 0.5% again

bank_of_england
Guy Anker
Guy Anker
Deputy Editor & Head of Operations
8 September 2011

The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 30th consecutive month.

That is good news for borrowers, with the price of a fixed rate mortgage now at an all-time low as lenders factor in a longer spell with rates at rock-bottom.

However, the extended period of lower lending costs spells more misery for pensioners and savers who will continue to suffer low returns on their money, at a time when high inflation is eroding the value of their deposits.

MSE Forum

Base rate held

Forum image
Tools and calculators

Clever ways to calculate your finances

Find your odds of getting top cards
Find your odds for getting a cheap loan
Compare broadband, phone & TV deals
Compares thousands of mortgages
Eight calcs to help you work out the cost
We ensure you’re on the cheapest tariff