MoneySavingExpert News
Base Rate
Bank of England holds base rate at 5.25% again – here's what it means for your mortgage and savings
The Bank of England held its base rate at 5.25% for the third time in a row on 14 December. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.
19 December 2023
Interest rates on fixed mortgage deals have been edging down over the past few weeks with some five and 10-year fixes now below 5%. Mortgage brokers have told MoneySavingExpert.com that further cuts are possible in the short term after the base rate was held at 5.25% this month, following 14 consecutive rises.
26 September 2023
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