The Bank of England's Monetary Policy Committee (MPC) has voted to hold the base rate at 3.75% for July 2026.
Impact on Mortgages
Borrowers on variable or tracker mortgages will see no immediate change to their monthly payments. However, those coming off fixed-rate deals secured two or more years ago still face significant payment shocks.
Impact on Credit Cards
Credit card APRs remain near record highs. If you are carrying a balance, moving it to a 0% balance transfer card is more critical than ever.