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
Holt Heath fire: Major incident declared as 100 firefighters tackle Dorset blaze
The Summer I Turned Pretty's Conrad and why he's perfect for Belly
Remove limescale from toilets with 1 natural item that's 'better' than bleach and vinegar
'Best masterpiece' action film of all time now streaming for free
Blind cat thinks puppy is her baby in adorable video!
