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House prices hit record high as Bank of England cuts interest rates

Telegraph.co.uk Friday, 7 February 2025 ()
House prices surged to a record high, new industry figures show a day after the Bank of England cut interest rates and signalled more are on the way.

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News video: Bank of England cuts interest rates to 4.5%

Bank of England cuts interest rates to 4.5% 00:46

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 in more than 18 months. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and...

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