BoE Base Rate

The Bank Rate is the single most important interest rate in the UK. It is sometimes called the ‘Bank of England base rate’ or even just ‘the interest rate’.

The Bank Rate determines the interest rate the BoE pay to commercial banks. It influences the rates those banks charge people to borrow money or pay on their savings.

https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate

Current Bank Rate 5%

Next due: 3 August 2023



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