The Bank of England has held the base rate at 4%. We explain why, the latest predictions for when it might change, plus what it means for your mortgage and savings...
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Base rate held at 4% – here's what it means and when it might change
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Base rate held at 4% – here's what it means and when it might change
MSE_Emily
Posts: 213 MSE Staff
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Doesn't surprise me, considering what inflation is currently doing. Also the Bank of England tend to err on the side of not changing when there's a doubt.
At the start of 2025 it was said that BoE interest rates would be 3% or lower by the end of 2025. Goes to show how reliable these kinds of forecasts tend to be.0 -
4 voting for a cut when inflation is still almost double target is ridiculous. It may not be as bad as they thought, but it is still too high - and being baked in further unless there is swift action around this pounds and pence framework routinely producing 30% increases.0
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