Story idea · Debt · UK
The official Bank Rate rose from 0.25% in December 2021 to 5.25% by August 2023, and has since fallen in steps to the rate in force today — still far above the pre-2022 level.
The official Bank Rate rose from 0.25% in December 2021 to 5.25% by August 2023, and has since fallen in steps to the rate in force today — still far above the pre-2022 level.
Why it matters (SupportFund's interpretation)
SupportFund's reading is that 'rates are falling' coverage can obscure how much higher borrowing costs remain against the starting point, which matters for anyone remortgaging off a fixed deal agreed before 2022.
United Kingdom · 16 December 2021 to 13 August 2026 · Source: Bank of England
Points mark official Bank Rate change dates. The rate holds between changes, so no monthly values are shown or invented. The official Bank Rate remained 3.75% as at 13 August 2026. No Bank Rate change occurred in 2026 before that date; the Monetary Policy Committee maintained 3.75% at its 2026 decisions through July.
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Chart: SupportFund. Source data: Bank of England. Official Bank Rate history. Last checked 13 August 2026. View original source
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