Property News · February 6, 2025

What does the Bank of England interest rate cut mean for mortgages and savings?


Decision will lead to lower borrowing costs for those on trackers – but fixed-rate deals will stay the sameBank cuts interest rates to 4.5% and halves UK growth forecastUnambiguously bleak forecasts pave way for spending cutsBusiness live – latest updatesThe Bank of England has cut interest rates from 4.75% to 4.5% – the lowest level since June 2023. Continue reading…

Source : theguardian.com
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