The Bank of England's Monetary Policy Committee has voted to hold interest rates at 4.75%.

The Bank of England's Monetary Policy Committee has voted 8–1 in favour of reducing the Bank Rate from 5% to 4.75% with one member voting to hold the rate at 5%.

Last month, the base rate was cut from 5.25% to 5%, marking the first reduction since the pandemic.

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.

Following the news that the Bank of England's Monetary Policy Committee...

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.