The Bank of England has cut interest rates to 5% at its August Monetary Policy Committee meeting, the first reduction of the UK’s base rate in four years. Responding to the cut, Chancellor of the Exchequer Rachel Reeves said: “Homeowners will welcome this cut in interest rates, but I know that...
Thursday, 1 August 2024
Bank of England interest rates affect the mortgage, loan and savings rates for millions of people.
