Bank of England Rate Cut announced

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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