What does the latest Bank of England base rate decision mean for households?
by Vicky Shaw
Dec 14, 2023
3 minutes
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 consecutive hikes.
– What could this mean for mortgage borrowers?
With rates at a standstill, homeowners on tracker mortgages, who have already seen a series of
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