Base Rate

The Bank of England has today decided keep the base rate at 0.5%.

The Bank of England on Thursday raised the base rate from 0.25% to 0.5% - the first rate rise in over a decade. Here's what you need to know, including the very latest on how individual banks' mortgage and savings rates are changing.

The Bank of England today kept the base rate at 0.25% – resisting temptation to make further changes to the rate a month after it fell to a historic low.

Over 10 million Barclaycard credit card customers will have their interest rates linked to the Bank of England base rate from February next year, while the same is also happening for some Lloyds Banking Group customers.

Now is still the time to get a mortgage if you want to fix, it has been claimed, despite the Bank of England insisting the base rate is unlikely to rise any time soon.

Thousands of mortgage holders with a Bank of Ireland base rate tracker will see repayments rocket today, but victims have been urged to fight back.

A leading MP has urged the regulator to investigate whether Bank of Ireland is guilty of mis-selling after it announced plans to hike 13,500 customers' base rate tracker mortgages, even though the base rate hasn't moved for four years.

13,500 customers with a Bank of Ireland base rate tracker mortgage should brace themselves as rates will soar from 1 May, even though the base rate hasn't changed for four years. If hit, you can escape penalty-free.

Inflation rose to 3.3% last month, largely due to rising alcohol prices, the Office of National Statistics (ONS) announced today.