It had been at 5.25% since August 2023, but the Monetary Policy Committee voted to cut it by 0.25 percentage points in August 2024, November 2024 and February 2025. The base rate hasn't been this low ...
Why has the Bank of England cut the base rate? At the first opportunity this year, the base rate has been reduced by 0.25 percentage points, bringing it down to 4.5% with immediat ...
The Bank of England base rate can affect everything from your mortgage to the rates applied to credit cards - we round up ...
Interestingly, while the Monetary Policy Committee voted by a majority 7–2 to reduce base rate to 4.5 per cent, those two members opted for a deeper 0.5 percentage point cut to 4.25 per cent.
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