Bank of England base rate

The base rate is the interest rate that the Bank of England charges. It is predicted to rise to 1 amid soaring food energy and fuel prices that saw inflation hit a 30-year high of 7 in March.

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We have analysed the average rates offered across savings and mortgages and considers what this decision may mean for consumers moving forward.

. The Bank of England has today increased base rate by 025 up from 075 to 100.

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