Examples of Bank Base Rate in a sentence
In response to this the Bank of England raised the Bank Base Rate and interest rates increases followed.
The Service Director also indicated that the Bank Base Rate is one of the main determinants of the rate of interest the Council receives on its short-term investments and for the first half of the year the rate was 0.1% and noted that this was increased to 0.25% on the 16th December 2021.
If you fail to pay the final Bill received after termination within 14 days of receipt, then we reserve the right to charge interest on the amount outstanding at 5% above the Barclays Bank Base Rate from the date on which payment was due.
In response to growing inflation, the Bank of England base rate has risen rapidly to 5.25% since August 2023 – with fourteen consecutive increases in Bank Base Rate since December 2021.
The next announcement on the Bank Base Rate will be on 4 February 2018.In the November 2017 Inflation Report, the MPC noted that “CPI inflation rose to 3.0% in September.It is expected to peak at 3.2% in October, as increases inimported costs — stemming from the past fall in sterling and a more recent pickup in global energy prices — are passed on to consumer prices.