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Adjust the interest rate following the Bank of England rate change

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Written by Antoine Larsen
Updated over a week ago

The Bank of England has increased the base rate interest.
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If you're using the Debt Debtors case type, update Proclaim by following the steps below:

  1. Open Proclaim Desktop.

  2. Enter the case with the reference of BASERATECONTROL.

  3. On the table, click Update.

  4. Click Base Rate Effective From then enter 06/02/2025.

  5. Click New Base Rate then enter 4.50.

  6. Click Create - Base Rate then click Save.

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