The Bank of England(BoE) has cut interest rates by 25 percentage points in a move that could reduce pressure for some mortgage holders and home buyers.
The Monetary Policy Committee (MPC) was widely expected to reduce the base rate by 0.25 percentage points to 4%, with the announcement made at midday. It marks the fifth reduction in the base rate since August 2024, when rates began to steadily fall from a peak of 5.25%. Many will be hoping that the BoE lowering the base rate will spark an influx of cheaper deals for mortgage holders and home buyers entering the market.
FOLLOW BELOW FOR LIVE UPDATES:
You may also like
Bangladesh to buy 40,000 body cameras for February election
Train Cancelled News: So many trains will be cancelled for so many days in August, check the complete list
Mohit Suri reveals why it was hard getting music directors onboard for Aashiqui 2
PM Modi flags off three new Vande Bharat Express trains from Bengaluru
'Op Sindoor Testament To Synergy, Operational Cohesion Among 3 Services': CDS Gen Anil Chauhan
