Bank of England announces key interest rate decision – see how your mortgage, credit card and savings are affected
THE Bank of England has left interest rates unchanged for the sixth consecutive time.
Decision-makers on the Bank’s Monetary Policy Committee (MPC) have left the base rate at a 16-year high of 5.25% today.
The Bank of England has held its base rate for the sixth consecutive timeHigh street banks and lenders use the Bank of England (BoE) base rate to set the interest rates it offers customers on mortgages, loans and savings.
The bank rate previously increased from historic lows of 0.1% in December 2021...
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