Interest rate cut: What does this mean for your mortgage and savings?
In its latest Monetary Policy Committee meeting, the Bank of England voted to reduce its Bank Rate to 5pc from the 16-year high of 5.25pc.
The news is welcome relief to borrowers who have been waiting for a rate cut, and will hope this kicks off a downward interest rate cycle for the central bank.
Read more: https://www.telegraph.co.uk/money/ban...
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