All the updated news related to base rate

All the news related to base rate updated in real time

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Bank chief says further interest rate hikes needed to control inflation

The Bank of England’s chief economist has said that interest rates are unlikely to reach the 5.25% peak that markets have predicted, but cautioned that monetary policy cannot be put on “autopilot”. Huw Pill is set to tell an audience at the Beesley ...

23 Nov 2022 at 18:29

Housing market ‘set for confidence boost following base rate cut’

An autumn housing market boost is on the cards following the cut in the Bank of England’s base rate, property experts have suggested. Homeowners on tracker mortgage rates will see their annual payments cut by more than £340 on average as a result ...

01 Aug 2024 at 13:31

What does the latest Bank of England base rate decision mean for households?

Interest rates have held steady following the Bank of England’s latest base rate decision. Here is a look at what it means for households: – What has happened? The base rate has been held for the third time in a row, at 5.25%, following 14 ...

14 Dec 2023 at 16:25

Interest rate hike adds £24 a month on to average tracker mortgage payment

Bank of England rate hike adds £24 a month onto average tracker mortgage payment

Mortgage holders on tracker deals face nearly £24 per month being added to their payments, on average, following the latest Bank of England base rate rise. Based on the mortgages outstanding, the new 0.25 percentage point rise, which ...

03 Aug 2023 at 15:33

Average tracker mortgage payments will fall by nearly £30

The average homeowner on a tracker mortgage will see their monthly payments fall by £28.98, according to UK Finance. Someone on a standard variable rate (SVR) mortgage will see their monthly payment reduce by £17.17 on average, ...

07 Nov 2024 at 14:16

‘Unsettling’ time for some households as base rate left on pause

Making ends meet remains a struggle for some households as rates are left on pause, according to commentators. The Bank of England kept the base rate unchanged at 5% on Thursday, following a 0.25 percentage point cut last ...

19 Sept 2024 at 13:04

Tracker mortgage holders could save nearly £350 a year following rate cut

The average homeowner on a tracker mortgage will see their monthly repayments fall by nearly £29, after the quarter-point snip to the Bank of England base rate. UK Finance said homeowners on tracker deals will typically ...

08 May 2025 at 13:13

‘Much-needed confidence boost’ for home buyers as mortgage rates fall

Households on mortgages which directly track the Bank of England base rate will see their monthly payments fall by nearly £29 on average, following Thursday’s base rate cut. Based on average outstanding balances, the ...

06 Feb 2025 at 13:52

Hopes raised that upward pressure on mortgage rates could start to ease

Hopes raised upward pressure on mortgage rates could start to ease

A bigger-than-expected slowdown in inflation has fuelled hopes that the upward pressure on mortgage rates could start to ease. Consumer Prices Index (CPI) inflation was 7.9% in June, down from 8.7% in May and its ...

19 Jul 2023 at 10:32

Average tracker mortgage borrower set to see £29 fall in monthly payments

The average homeowner on a tracker mortgage will see nearly £29 shaved off their monthly payments, following the quarter point cut in the Bank of England base rate, according to industry figures. Banking and ...

07 Aug 2025 at 14:10

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