Movim • Does the Bank of England’s interest rate cut mean lower mortgage rates?

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Does the Bank of England’s interest rate cut mean lower mortgage rates?

news.movim.eu / TheGuardian • 7 November 2024

What the decision means for homeowners – and the implications for savings, loans and credit cards

Bank of England cuts interest rates to 4.75%

The Bank of England has cut the cost of borrowing , reducing headline interest rates from 5% to 4.75% – a move that was widely anticipated. It is the second interest rate cut this year.