Interest rate cut: Bank of England slashes base rate to 4.5% as borrowing costs drop to LOWEST LEVEL in 18 months
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Bank of England Holds Base Rate at 3.75% — Housing Market Reacts Today, the Bank of England has kept the base interest rate unchanged at 3.75%, a decision that was widely anticipated by markets and property professionals alike. Policymakers are balancing stubbornly high inflation with a mixed economic outlook, and for now have opted for stability over another cut. 🔎 What this means for the housing market: • With borrowing costs holding steady, many fixed mortgage deals remain competitive below
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