Bank of England base rate change

Bank of England base rate change

On Thursday 04 August 2022, the Bank of England announced a 0.50% increase in its base rate from 1.25% to 1.75% 

This change follows earlier changes to the Bank of England base rate within the previous 12 months as set out below:

Date Changed


04 August 22 1.75%
16 June 22 1.25%
05 May 22 1.00%
17 Mar 22 0.75%
03 Feb 22 0.50%
16 Dec 21 0.25%


If you have an EAB variable rate (or ‘tracker rate’) mortgage linked to the base rate, your mortgage interest rate will increase by 0.50%, starting in line with the terms and conditions for your mortgage.

If your EAB mortgage is currently on a fixed rate, it will not be affected by this change.

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