bank of england interest rates

Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy — Photo by Ollie Craig o

Avoid Interest Rates Killing Your Mortgage Budget

The Bank of England’s decision to hold its policy rate steady at 5.25% protects mortgage budgets from sharp increases despite the Iran conflict. By keeping short-term borrowing costs predictable, households can lock in rates that stay within a tight band. Since September 2023 the BoE’s policy rate