Bank of England holds interest rates at 5.25% - what it means for YOUR mortgages and savings In December 2021 the base rate was 0.1% - it has been hiked 14 times since We ask experts what the latest pause means for your mortgages and savings By Ed Magnus and Helen Kirrane Updated: 07:10 EST, 14 December 2023 e-mail View comments The Bank of England has opted once again to hold the base rate at 5.25 per cent, a move which will reinforce the view we've reached the peak for interest rates. The decision marks its third pause in a row, after the Monetary Policy Committee voted to hold the base rate first in September, and then at the…
