Posted on: 2 February 2024
Interest rates move up and down in order to control UK inflation, which has come down sharply in recent months, easing cost-of-living pressures.
However, the UK economy has been stagnating amid increased borrowing costs and other pressures.
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28 August 2024
The Bank of England announced its decision to reduce the Base Rate to 5% at the start of August, which was the first cut in four years. Rightmove say: 'Our real-time data means we can see shifts in property market activity as they’re happening, so we’ve been keeping...
2 February 2024
The Bank of England has held interest rates at 5.25% for the fourth time in a row, but cuts are expected later in the year. Interest rates move up and down in order to control UK inflation, which has come down sharply in recent months, easing cost-of-living pressures....
20 December 2023
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