MoneySavingExpert News

Base Rate

Bank of England increases base rate to 1.25% – what the rise means for your mortgage and savings

The Bank of England has increased base rates to 1.25% from 1% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

21 June 2022

Bank of England increases base rate to 1% – what the rise means for your mortgage and savings

The Bank of England has increased base rates to 1% from 0.75% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

10 May 2022

Bank of England increases base rate to 0.75% – what the rise means for your mortgage and savings

The Bank of England has increased base rates to 0.75% from 0.5% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

30 March 2022

Bank of England base rate jumps to 0.5% – what the rise means for you

The rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

15 February 2022

Bank of England slashes interest rates to combat coronavirus 'shock' – what it means for you

The Bank of England has cut the base rate from 0.75% to 0.25% in a emergency response to the 'economic shock' of the coronavirus outbreak

11 March 2020

Bank of England holds interest rates at 0.75%

UK interest rates will remain at 0.75%, the Bank of England has announced – despite speculation that there could be a cut

30 January 2020

Nationwide and TSB to hike mortgages but won't pass the full interest rate rise on to many savers

Nationwide and TSB have confirmed they won't pass on the full interest rate rise to most savers

7 August 2018

Big banks hike mortgages but keep schtum on savings after base rate rise

Some banks and building societies are hiking mortgage prices after yesterday's base rate rise, but not savings rates

3 August 2018

UK interest rate raised to 0.75% - what you need to know

The Bank of England today raised the base rate from 0.5% to 0.75%

2 August 2018

UK base rate remains at 0.5%

The Bank of England's Monetary Policy Committee voted to keep the rate steady

10 May 2018