Bank of England expected to cut interest rates

Quick Summary:

A cut to interest rates could mean lower mortgage rates.

In the minutes from that meeting, the Bank said there was uncertainty "around how the measures that had been announced in the autumn Budget were affecting growth".

Interest rates are expected to be cut by the Bank of England later, in a move closely watched by households and economists.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Rising Rate Base Economy Deals Interest Expected Bank Rates Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 00:08:55 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 805 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25916459

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 5 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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