Interestingly, while the Monetary Policy Committee voted by a majority 7–2 to reduce base rate to 4.5 per cent, those two members opted for a deeper 0.5 percentage point cut to 4.25 per cent.

Share this Share on Facebook Share on Twitter Share on LinkeIn The markets expect there to be three more base rate cuts this year, which means it should be down to 3.75% by the close of 2025. This ...

The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point ...