Tag: Interest Rates

Bank rate maintained at 5.25% – March 2024 In its latest review, The Bank of England has opted to maintain the interest rate at 5.25%, marking the fifth consecutive instance without change. The central bank’s Monetary Policy Committee (MPC) reached a majority decision of 8-1 in favour of this course, with a single voice advocating… Read more

Bank rate Held at 5.25% – February 2024 The Bank of England’s Monetary Policy Committee (MPC), dedicated to maintaining the 2% inflation target and fostering sustainable growth and employment, has concluded its meeting on January 31, 2024. The MPC voted with a 6-3 majority to keep the Bank Rate at 5.25%. Within the committee, there… Read more

Bank rate Held at 5.25% – December 2023 The Bank of England has announced its decision to hold the UK interest rates at 5.25% again, keeping them at a 15-year peak. Six members of the nine-person Monetary Policy Committee – which makes the decision – voted for no changeThe other three wanted an increase to… Read more

Bank rate maintained at 5.25% – November 2023 The Bank of England has announced its decision to maintain the UK interest rates at 5.25%, keeping them at a 15-year peak. Despite some members of the Monetary Policy Committee advocating for a 0.25% hike, the vote concluded 6-3 in favour of maintaining the current rate. The… Read more

Bank rate maintained at 5.25% – September 2023 The Bank of England has today decided to keep the base rate unchanged at 5.25%, marking the first time in almost two years without an increase. This pause comes after 14 consecutive hikes starting from December 2021. If you’re on a tracker mortgage or a lender’s standard… Read more

Bank Rate increased to 5.25% The Bank of England has today implemented a 0.25% interest rate increase, aiming to again demonstrate its control over the escalating inflationary challenges we face. It is the 14th time in a row that, that The Bank of England has decided to increase rates. Curious about the impact to you?… Read more

Bank Rate increased to 5% The Bank of England has implemented a 0.5% interest rate increase, aiming to demonstrate its control over the escalating inflationary challenges we face. It is the 13th time in a row that, that The Bank of England has decided to increase rates. Curious about the impact to you? For individuals… Read more

Bank Rate increased to 4.5% – May 2023 The Bank of England (BOE) has raised interest rates by 0.25%, reaching the highest level since 2008. The new rate stands at 4.5%! This interest rate hike is actually the 11th consecutive increase since December 2021, when rates were just 0.1%. If you’re considering remortgaging, now is… Read more