Bank of England changes base rate

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On Thursday 19 March, the Bank of England announced a further 0.15% decrease in its base rate from 0.25% to 0.1% with immediate effect.

This follows the reduction the Bank made on Wednesday 11 March.

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

Published: 20 March 2020

Author: Jennifer Whiteside

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