The Bank of England is the UK's central bank.

Will their base rate (also known as the official bank rate) be set at or above 6% at any point during 2023 or 2024?

The Bank of England is scheduled to set rates at the following meetings during 2023 (with more meetings to come in 2024):

2nd February - rate raised from 3.5% to 4%

23rd March - rate raised from 4% to 4.25%

11th May - rate raised from 4.25% to 4.5%

22nd June - rate raised from 4.5% to 5%

3rd August - rate raised from 5% to 5.25%

21st September - rate held at 5.25%

2nd November - rate held at 5.25%

14th December - rate held at 5.25%

The bank may also call an emergency meeting or change rates between meetings, though they try very hard to avoid doing this to ensure confidence and stability!