Bank of England base rate
The Bank of England has today increased base rate by 025 up from 075 to 100. The base rate is the interest rate that the Bank of England charges.
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We have analysed the average rates offered across savings and mortgages and considers what this decision may mean for consumers moving forward.
. It is predicted to rise to 1 amid soaring food energy and fuel prices that saw inflation hit a 30-year high of 7 in March.
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