How the change reaches you
The route and the lag for tracker mortgages, fixed deals, savings accounts, credit cards and overdrafts.
See the routes →One rate moves your money, but not all of it at once
This follows a change in the base rate through to your mortgage, your savings and your borrowing, and shows how long each one takes to catch up.
See the base rate and its history Check the base rate now, its decision date and its historyThe base rate today
3.75%
Bank Rate
Bank of England, read 21 September 2026
18 Dec 2025
Rate set since
Set by the Monetary Policy Committee
5 Nov 2026
Next scheduled decision
Bank of England MPC dates, read 30 September 2026
Where to go next
Each of these takes the mechanism further, from how a change reaches your money through to what the Committee weighs before it decides.
The base rate, dated
The rate now, the date the Monetary Policy Committee set it, and the next scheduled decision.
Check the reference →A tracker payment, worked through
A tracker mortgage payment recalculated step by step, with the inputs stated so you can use your own.
Read the example →Savings pass-through, worked through
Why an easy-access rate moves by less than the headline, with the arithmetic shown line by line.
Read the example →What the Committee is watching
Inflation, the labour market, wage growth and the vote split, set out so the next minutes make sense.
See what it weighs →