US EditionInterest rates held by Bank of England at 4.5% – what it means for your mortgage and savings
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Interest rates held by Bank of England at 4.5% – what it means for your mortgage and savings
The base rate has been held at 4.5% by the Bank of England. The base rate is the interest rate that the Bank of England charges other banks and lenders to borrow money. This then influences the interest rates that these banks and lenders charge you, as their customer, when you borrow money from them – for example, if you have a mortgage or loan – as well as the return you get on your savings. Interest rates have started to come down steadily ove…
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