Link to Bank of England Announcement

At its meeting ending on 22 March 2023, the MPC voted by a majority of 7–2 to increase Bank Rate by 0.25 percentage points, to 4.25%. Two members preferred to maintain Bank Rate at 4%.

If this base rate hike is going to cause you financial difficulty, you might find some helpful information on this Mod post relating to the cost of living crisis.

PSA: Just a reminder about Rule 8 – No Politics

submitted by /u/Jager720 to r/UKPersonalFinance
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