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Bank of England Reduces Interest Rates

Bank of England Reduces Interest Rates

Bank of England Lowers Interest Rates as Economy Struggles For the first time this year, the Bank of England has reduced its benchmark interest rate, cutting it from 4.75% to 4.5%. The decision, reached during the latest Monetary Policy Committee (MPC) meeting, saw all nine members in agreement that a reduction was necessary. While the majority backed a modest 25-basis-point cut, a minority pushed for a steeper 50-basis-point drop.

 min read
First Time Buyer Mortgage Rules Relaxation

First Time Buyer Mortgage Rules Relaxation

Strict mortgage lending rules could be relaxed to make it easier for people to borrow for home purchases, as regulators respond to calls for measures to boost the economy.

 min read
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Bank of England Reduces Interest Rates

Bank of England Reduces Interest Rates

Bank of England Lowers Interest Rates as Economy Struggles For the first time this year, the Bank of England has reduced its benchmark interest rate, cutting it from 4.75% to 4.5%. The decision, reached during the latest Monetary Policy Committee (MPC) meeting, saw all nine members in agreement that a reduction was necessary. While the majority backed a modest 25-basis-point cut, a minority pushed for a steeper 50-basis-point drop.

 min read
First Time Buyer Mortgage Rules Relaxation

First Time Buyer Mortgage Rules Relaxation

Strict mortgage lending rules could be relaxed to make it easier for people to borrow for home purchases, as regulators respond to calls for measures to boost the economy.

 min read
No items found.
No items found.
No items found.
No items found.