Close Menu
WTX News
    Facebook X (Twitter) Instagram
    Trending
    • Arrests made at protest for Palestine Action in London
    • Jamie Overton replaces Saqib Mahmood in England XI for third ODI
    • Sure! Here’s the text without the site name, category, date, and full stops: “It blew my mind as a kid” TV fans reveal best sci-fi series ever
    • Israel warns Gaza City residents to flee south to humanitarian area
    • Mauricio Pochettino ‘shocked’ by Daniel Levy’s Tottenham exit
    Facebook X (Twitter) Instagram YouTube
    WTX News
    • Live News
      • US News
      • EU News
      • UK News
      • Politics
      • COVID-19
      • Business
      • Tech zone
    • World news
      • Middle East News
        • UAE News
        • Palestine News
      • Europe
        • Italian News
        • Spanish News
      • Africa news
      • South America
      • North America
      • Asia
    • News Briefings
      • UK News Briefing
      • World News Briefing
      • Live Business News
    • Sports
      • Football News
      • Tennis
      • Women’s Football
    • MY World
      • Climate Change
      • In Review
      • Expose
      • Special Reports
        • Conscience Convoy
        • Rohingya Report
    • Entertainment
      • Insta Talk
      • Royal Family
      • Gaming News
      • TV Shows
      • Streaming
    • Lifestyle
      • Fitness
      • Fashion
      • Cooking recipes
      • Luxury
      • Money Saving Expert
    • Travel
      • Culture
      • Holidays
    • Sign Up
      • Log In
    WTX News
    • Live News
    • World news
    • News Briefings
    • Sports
    • MY World
    • Entertainment
    • Lifestyle
    • Travel
    • Sign Up
    Home - UK News - Bank of England set to cut interest rates in boost for mortgage holders
    UK News

    Bank of England set to cut interest rates in boost for mortgage holders

    By David Pike1 Min Read
    Facebook Twitter LinkedIn Email Telegram WhatsApp
    Bank of England set to cut interest rates in boost for mortgage holders

    UK interest rates live: Bank of England set to cut interest rates in boost for mortgage holders

    The UK’s base interest rate is expected to fall to its lowest point in more than 18 months, providing a welcome boost for mortgage holders.

    Analysts believe the Bank of England will cut the interest rate from 4.75 per cent to 4.5 per cent in its monthly announcement on Thursday at midday.

    The base rate helps dictate the cost of borrowing such as taking out mortgage with some products, known as tracker mortgages, following it.

    The figure also impacts rates paid by individuals and businesses to take out loans.

    But after the rate rose as high as 5.25 per cent in late 2023, there is an indication it will continue to fall, especially after inflation unexpectedly fell to 2.5 per cent in December.

    Interest rates are typically raised when inflation is high to discourage people from spending money, thereby slowing the rate of price rises.

    However, with economic growth stagnating across the UK, many believe the Bank will make another interest rate cut to encourage more spending and stimulate the economy.

    Bank Of England featured London news UK economy UK featured UK interest rates
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp
    Previous ArticleLab-grown dog meat on sale at major UK retailer in ‘world first’
    Next Article Imagine the devastation you could cause, says mother of boy, 15, stabbed to death ‘with hunting knife’
    David Pike

    David Pike is an experienced news journalist with over 20 years experience as a UK News editor for WTX News and other news publications.

    Related Posts

    Arrests made at protest for Palestine Action in London
    London

    Arrests made at protest for Palestine Action in London

    Israel warns Gaza City residents to flee south to humanitarian area
    UK News

    Israel warns Gaza City residents to flee south to humanitarian area

    100 firefighters tackling blaze at former BBC television centre in London’s White City
    London

    100 firefighters tackling blaze at former BBC television centre in London’s White City

    President Trump signs order rebranding Pentagon as the Department of War
    UK News

    President Trump signs order rebranding Pentagon as the Department of War

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Advertisment
    News Headlines
    Arrests made at protest for Palestine Action in London

    Arrests made at protest for Palestine Action in London

    Israel warns Gaza City residents to flee south to humanitarian area

    Israel warns Gaza City residents to flee south to humanitarian area

    Save 70% on VIP subscription
    News Briefings - the way to a better life
    News Briefings - the way to a better life
    Advert by Sponsors
    More from WTX News
    The latest gaming news - with game reviews and tips and tricks. updated 24 hours a day.
    The latest gaming news
    Hot off the press!
    • Arrests made at protest for Palestine Action in London September 6, 2025
    • Jamie Overton replaces Saqib Mahmood in England XI for third ODI September 6, 2025
    • Sure! Here’s the text without the site name, category, date, and full stops: “It blew my mind as a kid” TV fans reveal best sci-fi series ever September 6, 2025
    • Israel warns Gaza City residents to flee south to humanitarian area September 6, 2025
    • Mauricio Pochettino ‘shocked’ by Daniel Levy’s Tottenham exit September 6, 2025
    wtx news brings you the latest news, a UK news briefing, Sports analysis, and premier league news with a special round-up of Business and crypto updates
    Facebook X (Twitter) TikTok Instagram

    News

    • World News
    • UK News
    • US News
    • EU News
    • Business
    • Opinions
    • News Briefing
    • Live News

    Company

    • About WTX News
    • Register
    • Advertising
    • Work with us
    • Contact
    • Community
    • GDPR Policy
    • Privacy

    Services

    • Fitness for free
    • Insta Talk
    • How to guides
    • Climate Change
    • In Review
    • Expose
    • NEWS SUMMARY
    • Money Saving Expert

    News delivered to your inbox

    Copyright WTX News 2025

    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.