The base rate has been held at 4.5% by the Bank of England. The base rate is the interest rate that the Bank of England charges other banks and lenders to borrow money. Article continues below ...

The base rate peaked at 5.25% in late 2023, but policymakers reduced it to 4.5% throughout the following months as inflation eased. The Bank of England ... over the past few years, and for those ...

On a £200,000 mortgage being repaid over 25 years that ... Since August last year, the Bank of England has cut interest rates three times. But while base rate has fallen from 5.25 to 4.5 ...

THE Bank of England ... over the past 12 months. Currently, average easy access rates stand at 2.84%, down from 3.18% in March 2024, according to moneyfactscompare.co.uk. Similarly, the average ...