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Feb 1, 2024 · Bank Rate is the single most important interest rate in the UK. In the news, it's sometimes called the ‘Bank of England base rate’ or even just ‘the interest rate’. Our Monetary Policy Committee (MPC) sets Bank Rate.
Jul 17, 2024 · The Bank of England held the base rate at 5.25% at its June meeting. When is the next Monetary Policy Committee meeting and where are interest rates heading?
6 days ago · Bank of England Market Operations Guide. Transition to sterling risk free rates from LIBOR. SONIA interest rate benchmark. Results and usage data.
Index performance for UK Bank of England Official Bank Rate (UKBRBASE) including value, chart, profile & other market data.
Mar 21, 2024 · At its meeting ending on 15 June 2022, the MPC voted by a majority of 6-3 to increase Bank Rate by 0.25 percentage points, to 1.25%. Those members in the minority preferred to increase Bank Rate by 0.5 percentage points, to 1.5%.
The Bank of England has held the base rate at 5.25% for the sixth time in a row. But there are now stronger signs that a rate cut might be coming soon – which could have a knock on impact on mortgage and savings rates. Here's what you need to know.
Jun 20, 2024 · The base rate, sometimes known as the bank rate or base interest rate, is the most important interest rate in the UK. It is used by the Bank of England primarily to control inflation, by doing that it tries to stop prices of everyday things - food, fuel, clothing - from rising too quickly.
