Bank of England increases base rate to 1% | Mortgage Strategy
The Bank of England (BoE) has increased the base rate by 25 basis points to 1%, the highest level since 2009. The Monetary Policy Committee (MPC) voted by a majority of 6-3 to increase the bank rate by 0.25 percentage points, to 1%. The members in the minority voted to increase the bank rate by 0.5 percentage points,