Bank Rate (Bank of England)
Bank Rate is the Bank of England’s policy interest rate. It influences borrowing costs and is often the reference rate for tracker mortgages.
Last verified: 06/05/2026
Definition
Bank Rate is the Bank of England’s main policy interest rate. It influences interest rates across the economy and is often the reference point for tracker mortgages.
Why it matters
If your mortgage rate tracks Bank Rate, changes to Bank Rate can change your monthly payment.
Related terms
- SVR
- APRC