What is the bank interest rate in uk
2020 looks to be a year of stability for interest rates, with fewer economic risks and low inflation giving the Federal Reserve little reason to shift the fed funds rate. You can use this forecast The base rate, sometimes known as the bank rate or interest rate, is the most important interest rate in the UK. Set by the Bank of England, the base rate influences the interest rates offered by other banks. If the base rate goes up, then most mortgage, loan, and savings rates will go up by a similar amount - and vice versa if it goes down.