Mortgage market 'robust' ahead of interest-rate decision

Monday, 29 July 2024 (4 days ago)

Mortgage market 'robust' ahead of interest-rate decision

The number of mortgage approvals in the UK was "broadly stable" last month, the Bank of England has said.

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Chancellor welcomes interest rates cut [Video]

Chancellor welcomes interest rates cut

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 millions of people are still paying higher mortgage rates after the Conservatives mini-budget. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN Duration: 00:23Published now

How the interest rate cut has served up a political problem for the new chancellor

The market reaction to today's interest rate cut from the Bank of England has been very interesting indeed.
Sky News 10 hours ago

Interest rates cut for first time in more than four years

The Bank of England has cut interest rates for the first time in more than four years.
Sky News 13 hours ago

Bank of England rate cut expected as Fed holds again

The Bank of England will implement its first interest rate cut since 2020 at midday on Thursday, if financial markets and many economists are right, hours after..
Sky News 1 day ago

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