What the Bank of England’s interest rate cut means for your mortgage Money The Bank of England has reduced rates by 0.25 percentage points to 4.25 per cent in a hotly anticipated cut that will leave homeowners with big decisions for their mortgage deals. The reduced cost for banks to borrow money will have broad implications for the mortgage market, as banks lower interest rates on loans. Major [...]
Bank of England interest rates cut ‘nailed on’ Banking The Bank of England is “nailed on” to cut interest rates later today to 4.25 per cent, investors believe. City of London leaders are anxiously awaiting the Bank’s newest monetary policy decision, which is set to be unveiled at 12.02pm due to a two-minute silence to commemorate Victory in Europe day. Investment analysts have suggested [...]
Why the Bank of England will hold interest rates tomorrow Economics The firm consensus is for the Bank of England to hold rates tomorrow, but this will not prevent a further cut in November.