The base rate affects the interest that is applied to mortgages, loans and saving accounts and is reviewed every six weeks by the Bank of England

The Bank of England is expected to hold rates at 3.75% for the fourth straight meeting as Middle East tensions fuel sticky inflation. Here's what it means

The Bank of England held interest rates at 3.75 per cent today despite other central banks raising rates following the inflation shock caused by the Iran war.

The base rate has remained at 3.75 per cent since just before Christmas last year