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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne and Rupert Jones

What the Bank of England’s base rate rise means – in numbers

Bank of England Inflation Moneyfacts UK Finance United Kingdom
A reminder note to pay the mortgage, attached to a fridge
Most mortgages in the UK are fixed for a term, meaning borrowers won’t feel the impact of the rise immediately. Photograph: Rosemary Roberts/Alamy

The Bank of England has increased the base rate to 1% in an attempt to curb inflation. It’s the fourth increase since the start of December, when the base rate was at 0.1%. Here, in numbers, is what it could mean for your finances:

2009

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