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Housing market demand surges following interest rate cut

Sky News Monday, 19 August 2024
Housing market demand surges following interest rate cutThe housing market experienced a surge in activity following the Bank of England's recent decision to cut interest rates, according to a leading property website.
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Bank of England cuts interest rates to 4.5% [Video]

Bank of England cuts interest rates to 4.5%

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 follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:46Published