UK interest rate cut: what does it mean for mortgages and savings?

UK interest rate cut: what does it mean for mortgages and savings? - short news


The Bank of England has voted to cut the cost of borrowing, reducing the base rate to 4.25%. Here’s what it means for you

UK interest rates fall to 4.25%

The Bank of England has cut interest rates from 4.5% to 4.25%. It follows two interest rate cuts in the second half of last year, and another one in February this year.

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Read more on The Guardian

source: The Guardian - 08.05.2025

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