Last month, the base rate was cut from 5.25% to 5%, marking the first reduction since the pandemic.
Related topic: Bank of England
Last month's rate cut by the Bank of England has further accelerated an already very busy property market, according to the latest insight and market analysis from Home.
The recent interest rate cut by the Bank of England has set the stage for renewed optimism in the UK housing market.
The Bank of England has reduced the base rate by 0.25% to 5.0% following its most recent Monetary Policy Committee meeting.
Speculation is growing that a rate cut may not happen until September.
The Bank of England's Monetary Policy Committee voted 8-1 in favour of maintaining the base rate at 5.25%.
Interest rates have been held by the Bank of England at 5.25% since August 2023, with predictions mounting that they will finally begin to fall later this year.
Yesterday's 'surprising' inflation data, revealing an unexpected slowdown in UK price rises in August, seems to have ended the Bank of England's unbroken streak of 14 consecutive rate...
Despite over half of homeowners admitting that they are concerned that the cost of their mortgage will rise should the Bank of England opt to increase the base rate tomorrow, a...
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