The Bank of England has increased the base rate to 1.75% from 1.25% - the biggest single rise in 27 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn...
Read the full story:
Bank of England increases base rate to 1.75% – what the rise means for your mortgage and savings
If you haven’t already, join the forum to reply.
We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bank of England increases base rate to 1.75% – what the rise means for your mortgage and savings
MSE_Emily
Posts: 208 MSE Staff
1
Comments
-
happy daysI own an EV. AMA0
-
Not suprised with today's increase just did not think the rates will begin to rise in 2022.
The inflation is now near 10%, looks like more increase to come.
Mortgage repayments will be going up when it comes to next fix.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards