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Financial Glossary of Finance Terms

Financial Glossary of
Finance Terms

Bank Of England Base Rate

The Bank of England base rate or 'repo' rate is the main factor influencing interest rates charges by lenders. The Bank of England is the Central Bank of the United Kingdom and sets the rate each month based upon inflation and economic stability. Some mortgages such as tracker mortgages are directly linked to the BOE rate

More details can be found at the Bank of England Base Rate Website

 

 

 

 

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