Bank Of England Changes Base Rate May 2022
The Bank of England has announced a further 0.25% increase in its base rate from 0.75% to 1.00% with immediate effect.
This follows the increases the Bank made in December, February and March.
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: 5 May 2022
Author: Jennifer Whiteside