The Bank of England(BoE) is poised to cut interest rates for the fifth time in a year in a move that could reduce pressure for some mortgage holders and home buyers.
The Monetary Policy Committee (MPC) is widely expected to reduce the base rate by 0.25 percentage points to 4%, with an announcement due at around midday. It would mark the fifth reduction in the base rate since August 2024, when rates began to steadily fall from a peak of 5.25%. Many will be hoping that the BoE lowering the base rate will spark an influx of cheaper deals for mortgage holders and home buyers entering the market.
FOLLOW BELOW FOR LIVE UPDATES:
You may also like
Body found in search for teen who vanished after sending chilling text, mum says
'Voter fraud', SIR row: Kharge to host dinner for INDIA bloc MPs; what's on agenda?
Guru Dutt loved growing vegetables, reveals granddaughter Karuna Dutt
RSS Chief Mohan Bhagwat To Visit Odisha This Week; Check His Itinerary
A year later, too many questions remain unanswered in RG Kar rape-murder case
