Barclays Base Rate 2024 Dates. This rate is used by the central bank to charge other banks and lenders. In the news, it's sometimes called the ‘bank of england base rate’ or even just ‘the interest rate’.
The bank of england’s monetary policy committee meets eight times a year to set the base rate. The bank of england’s monetary policy committee (mpc) announced its first interest rate cut in more than four years, taking rates from 5.25% to 5.0%.