Base Rate

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.

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.

The Bank of England has increased base rates to 0.5% from 0.25% 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.

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

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

A number of major banks including HSBC, First Direct and Tesco have already raised mortgage rates after yesterday's base rate rise but have kept quiet on whether to pass on the increase for savers, MoneySavingExpert.com has found.

The Bank of England has raised the base rate from 0.5% to 0.75% - only the second rise in over a decade. Here's what it means for your finances, including the very latest on how individual banks' mortgage and savings rates are changing.

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.