UK: Bank Of England Raises Base Interest Rate For Fourteenth Time In Row

In Britain, the Bank of England has raised the base rate of interest for the fourteenth time in a row.

It’s gone up by a quarter of a percentage point to 5.25%.

Eight out of nine members of the Bank’s Monetary Policy Committee voted for the rise.

The change will leave many mortgage holders paying more – but should mean better news for savers.

Tagged as


Leave a Comment

Your email address will not be published. Required fields are marked *



0:00 0:00