https://www.theguardian.com/business/article/2024/aug/01/bank-of-england-cuts-interest-rates?CMP=Share_AndroidApp_Other It is the first reduction in borrowing costs since the Bank began ratcheting up interest rates from a record low of 0.1% in December 2021 to 5.25%, their highest level since before they were slashed in the 2008 financial crisis.
Tag: mortgage
Housing costs soar
Quoted household interest rates
Quoted interest rate series are calculated monthly, as weighted averages for a range of lending and deposit products offered to households. https://www.bankofengland.co.uk/statistics/visual-summaries/quoted-household-interest-rates