The Bank of England base rate is currently 5.25% (November 2023) and it has steadily increased since December 2021.  In recent years, the base rate has dropped to as low as 0.1% but historically, it has fluctuated on a regular basis. The graph below gives an indication of the changes seen to the base rate since 2013, however the highest rate in most recent times was 15% in October 1989.