Bank Of England Changes Base Rate February 2022

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On Thursday 3 February, the Bank of England announced a further 0.25% increase in its base rate from 0.25% to 0.50% with immediate effect.

This follows the increase the Bank made on Wednesday 16 December.

We are currently working through what this change means for our savers and borrowers and will provide further information as soon as we can.

Published: 3 February 2022

Author: Chris Meadows