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Interest rate cut eases pressure on homeowners - but for how long?
Posted
August 1, 2024
Views
15,124
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58
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August 1, 2024
15,124
58
30
0.58%
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2:58Now PlayingThe Bank of England has cut interest rates by a quarter percentage point to 5%.
It brought to an end the joint-longest plateau for rates since the Bank was granted independence in 1997.
But Bank of England governor Andrew Bailey said it was important not risk a return to inflation by cutting interest rates too quickly.
#bankofengland #costofliving #interestrates
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