Bank of England Rate Cut announced
Breaking News - Bank of England Base Rate has been cut to 5%
BREAKING NEWS
Today (August 1 2024) The Bank of England has chosen to cut the base interest rate by 0.25% from its 16 year high of 5.25% to 5%.
Members narrowly voted for the cute by five votes to four.
The cut is a positive sign for the housing market with some major lenders cutting their mortgage rates in anticipation of a possible rate cut today.
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