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