The Bank of England (BoE) has announced it will reduce the Base Rate to 5% this month, a reduction of 0.25%, and the first cut in four years. The Base Rate had been held at 5.25% since August 2023, after 14 consecutive rises. The Bank had been raising, and holding, rates to tackle high levels … Read more
The Bank of England (BoE) has announced it will hold the Base Rate at 5.25% again this month. This follows the same decision in September, when the Base Rate was held for the first time since 2021, after 14 consecutive rises. The Bank had been raising interest rates to tackle high levels of inflation. The … Read more
The Bank of England (BoE) has announced an increase of 0.25% to its Base Rate this month. This is the 12th consecutive rise and has pushed interest rates to 4.5%, which is the highest they’ve been for almost 15 years. The Bank keeps raising interest rates to tackle high levels of inflation. The UK inflation … Read more
The Bank of England has announced an increase of 0.25% to its Base Rate this month. This is its 11th consecutive rise and has pushed interest rates to 4.25%, which is the highest they’ve been for 14 years. The Bank keeps raising interest rates to tackle high levels of inflation. The rate of inflation in February … Read more