Author: First Defence Finance
You've probably heard the phrase "the Bank of England has changed interest rates" countless times.
But what does that actually mean?
Who decides whether interest rates go up or down? Why does the Bank of England change them? And how could a decision that gets made in London affect your savings, mortgage or loan?
With the Bank of England's next interest rate decision coming up on 17th September 2026, here's everything you need to know, without the financial jargon.
You've probably heard the phrase "the Bank of England has changed interest rates" countless times.
But what does that actually mean?
Who decides whether interest rates go up or down? Why does the Bank of England change them? And how could a decision that gets made in London affect your savings, mortgage or loan?
With the Bank of England's next interest rate decision coming up on 17th September 2026, here's everything you need to know, without the financial jargon.


