Bank of England Cuts Interest Rates

The Bank Of England (BoE) voted to cut interest rates by 0.25% to 5.0% on 1 August, the first change in rates for a year. The base rate had been at 5.25% since August 2023, following a dramatic increase in interest rates to contain the post-pandemic burst of inflation.

Read our latest article to find out more about the interest rate cuts and the impacts this may have.

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