Bank of England increases base rate to 5.25% - here's how it impacts your mortgage and savings

MSE_Molly_G
MSE_Molly_G MSE Staff Posts: 21
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MSE Staff
The Bank of England has increased the base rate from 5% to 5.25% – its highest level in over 15 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

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Bank of England increases base rate to 5.25% - here's how it impacts your mortgage and savings

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