You are here: Mortgages » Bank Of England Graph
Bank of England base rate
Over the last 10 years, the Bank of England base rate has fluctuated somewhat. Having been cut to 0.25% in 2016 to support the economy, it had gradually risen to 0.75% by 2018. During the Covid-19 pandemic, it reached a historical low of 0.10% in March 2020.
From late 2021, the base rate began rapidly increasing in response to rising inflation, with the Bank of England Monetary Policy Committee increasing it from 0.10% to a peak of 5.25% in August 2023. Since August 2024, the rate has gradually reduced and is predicted to hold at 3.75% for the rest of 2026.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE.
Some products and services are not regulated by the Financial Conduct Authority.
