What does interest rate cut mean for average Briton?
February 6, 2025
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27:21Now PlayingWhat does interest rate cut mean for average Briton?
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as posted by the channelAt 4.30pm we'll have a panel of experts answering your questions on interest rates during Business Live with Darren McCaffrey.
The Bank of England has cut interest rates by another quarter percentage point, bringing down the cost of borrowing to 4.5%
A cut will be good news for those looking to renew or take out a mortgage, as well as businesses looking to secure a loan and people who spend on credit cards. It won't be as welcome for savers.
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