Though base rate has fallen to 4% most people’s mortgage payments won’t change but savers are likely to benefit

• Bank cuts interest rate for fifth time in a year• Business live – latest updates

The Bank of England has cut interest rates from 4.25% to 4%. It is the fifth reduction in a year and takes rates back to where they were in March 2023.

Continue reading…Interest rates, Mortgages, Savings, Mortgage rates, Savings rates, Banks and building societies, Bank of England, Business, Economics, MoneyRead More

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