Bank of England base rate and your mortgage – Which?

The Bank of England base rate is usually voted on by the MPC eight times a year. However, the committee has the power to make unscheduled changes to the base rate if they think it necessary. The MPC used this power in March 2020, when it reduced the base rate due to the potential effects of the coronavirus on the economy. …

https://www.which.co.uk/money/mortgages-and-property/mortgages/getting-a-mortgage/bank-of-england-base-rate-and-your-mortgage-albl35s6phq0