Interest rates cut for first time in more than four years

Thursday, 1 August 2024 (13 hours ago)
The Bank of England has cut interest rates for the first time in more than four years.

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Bank of England Central bank of the United Kingdom

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.
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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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Interest rates cut for first time in more than four years

The design process of the Bugatti Tourbillon 01:43

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