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Bank of England cuts base rate
Bank of England cuts interest rates to 4.75%, in second reduction this year
Chancellor Rachel Reeves welcomes the cut, but says she is "under no illusion about the scale of the challenge facing households".
Interest rates live updates: Bank of England base rate cut to help slash mortgage bills
The Bank of England has cut interest rates for the second time this year, in good news for mortgage-holders and other borrowers.Policymakers at the Bank of England opted to reduce interest rates to 4.
Interest rates RECAP: Bank of England confirms base rate decision with millions of homeowners impacted
The Bank’s Monetary Policy Committee (MPC) have cut its base interest rate for the second time this year - taking it from 5% to 4.75%
Live: Bank of England cuts interest rates to 4.75%
The outcome of the Monetary Policy Committee meeting was announced at midday today. Stay up to date with live reporting and analysis from the team at MoneyWeek.
Interest rates: Bank of England UK base rate cut explained - what BOE decision means for you and mortgages
The Bank’s Monetary Policy Committee (MPC) announced on Thursday (7 November) that the rate would drop from 5% to 4.75%. Governor Andrew Bailey said that since UK inflation is now below the 2% target, the Bank was able to reduce rates to their lowest level since June last year.
Bank of England cuts interest rates to 4.75% – but mortgages still set to rise
Interest rates have been cut for the second time this year, by a quarter of a percentage poi, but mortgage rates are still set to rise in a blow to homeowners. The Bank of England reduced the base rate from 5 per cent to 4.75 per cent on Thursday, following a 0.25 percentage-point cut in August, which was the first drop in four years.
Nationwide, Halifax and Lloyds Bank reduces mortgage rates after Bank of England interest cut – see the full list
MORTGAGE lenders have raced to slash their rates after the Bank of England cut interest rates to 4.75% this afternoon. This move will immediately benefit thousands of mortgage customers with
Bank of England cuts interest rates to 4.75% – what it means for your money
Interest rates have been cut by 0.25 percentage points but economists think it could be the last reduction for a while
Interest rates: Bank of England slashes base rate to 4.75% in good news for mortgages
The Bank of England has decided to reduce the Base Rate for the second time this year, with a majority vote of 8-1. With inflation resting below the Bank’s Government-set target at 1.7% in the 12 months to September, the Monetary Policy Committee (MPC) has voted to cut the rate to 4.75%, down from 5%.
Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls
The Bank of England cut its main interest rate by a quarter of a percentage point on Thursday after inflation across the U.K. fell below its target rate of 2%. The bank said its rate-setting panel lowered the benchmark rate to 4.
Bank of England cuts interest rates to 4.75%
The Bank of England has cut interest rates to 4.75 per cent after inflation fell to a three-year low in September. The eight-to-one decision to cut the base rate by 0.25 percentage points was in line with the expectations of economists polled by Reuters.
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Interest rates cut by Bank of England to 4.75% - what it means for your mortgage and savings
Interest
rates
have been cut by the
Bank
of England
for the second time this year. The
base
rate
has been reduced ...
2d
Martin Lewis issues savings and mortgages warning after Bank of England base rate cut
Money expert Martin Lewis has issued a warning to people with savings or with mortgages after the
Bank
of England
...
Manchester Evening News on MSN
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Bank of England next interest rate move in doubt despite 0.25 percent cut today
Home buyers have
today
received a boost with an interest
rate
cut, as the UK prepares for a rise in property sales ahead ...
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