Bank of England holds interest rates at 5.25%

The Bank has kept rates at 5.25%, ending its run of 14 consecutive increases. We look at what it means for your money - and what the Bank’s next move could be

Bank of England
(Image credit: Getty Images)

The Bank of England has held the base rate at 5.25%, ending its run of 14 consecutive hikes that began in December 2021.

Investors had been split over whether the Monetary Policy Committee (MPC) would increase rates, or keep them at 5.25%, after data this week showed a surprise slowdown in price rises.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.