Savers could have reason to celebrate the Bank of England’s decision to keep the base rate on hold for now.

For while many view changes in interest rates through the eyes of the cost of home loans, this group is outnumbered by savers by around seven to one.

The decision by the Bank’s Monetary Policy Committee (MPC) to keep the base rate at the current 16 year high of 5.25 percent suggests any falls in mortgage rates will be put back.

By contrast, savers are likely to benefit from strong…