News on this topic
Is the Bank of England getting it wrong on interest rates?: The Bank's Monetary Policy Committee cut interest rates again last week, but an ex-ratesetter ...
inews.co.uk/inews-lifestyle/money/saving-and-banking/bank-england-wrong-interest-rates-3853319
Is the Bank of England getting it wrong on interest rates?
Bank interest rates slashed despite Brits' food bills reaching £100 per week: The Bank of England's interest rate cut decision could add around £290 to the ...
manchestereveningnews.co.uk/news/cost-of-living/bank-interest-rates-slashed-despite-32223707
Bank interest rates slashed despite Brits' food bills reaching £100 per ...
Bank of England rate: mortgage relief as Bank of England cuts rate to 4% - what change means for you
northamptonchron.co.uk/business/consumer/bank-of-england-rate-mortgage-cut-change-what-it-means-5262782
Bank of England rate: mortgage relief as Bank of England cuts rate to 4% - ...
More articles on this subject
What the interest rates cut means for mortgages, pensions and savings: Changes to the Bank's base rate can affect mortgage and savings rates.
bbc.com/news/articles/cp9421x3egmo
What the interest rates cut means for mortgages, pensions and savings
Chase Bank message to savers as changes coming to accounts this week: The Bank of England has reduced the base interest rate by 0.25 percentage points from 4 ...
coventrytelegraph.net/news/cost-of-living/chase-bank-message-savers-changes-32230787
Chase Bank message to savers as changes coming to accounts this week
Bank of England cuts interest rates as it warns food costs could push inflation to 4%
theguardian.com/business/2025/aug/07/bank-of-england-cuts-interest-rates-quarter-point-4
Bank of England cuts interest rates as it warns food costs could push ...
Savings rates fall after base rate cut – here are the best deals on the market: The top fixed rates have seen declines and are expected to fall further following ...
inews.co.uk/inews-lifestyle/money/saving-and-banking/savings-rates-fall-base-rate-cut-3849597
Savings rates fall after base rate cut – here are the best deals on the ...
OpinionReeves is to blame for the next cost of living crisis: Voters seemed in no mood to accept that living standards were rising again and certainly not to give the ...
spectator.co.uk/article/reeves-is-to-blame-for-the-freshly-looming-cost-of-living-crisis/
Reeves is to blame for the next cost of living crisis
A Messy Rate Decision From The Bank of England: Rates are apparently still on a downward path — but it’s not at all clear how quickly they’ll fall.
bloomberg.com/news/newsletters/2025-08-07/a-messy-rate-decision-from-the-bank-of-england
A Messy Rate Decision From The Bank of England
Bank of England dramatically cuts interest rates in boost for millions of Brits: Interest rates have been slashed to 4% this afternoon, marking the fifth cut ...
mirror.co.uk/money/interest-rates-live-bank-england-35688697
Bank of England dramatically cuts interest rates in boost for millions of ...
Bank of England cuts interest rates in knife-edge move: The Bank of England has narrowly backed an interest rate cut in a knife-edge move after it had to vote ...
examinerlive.co.uk/news/cost-of-living/bank-england-cuts-interest-rates-32220681
Bank of England cuts interest rates in knife-edge move
Why has the Bank of England cut interest rates?: Rates are now at their lowest since March 2023 even though inflation is well above target.
bbc.com/news/articles/cq6899yleg8o
Why has the Bank of England cut interest rates?
OpinionHas the Bank of England forgotten what its job is?: Some excitement on Threadneedle Street today after the Bank of England cut interest rates to 4 per cent ...
spectator.co.uk/podcast/has-the-bank-of-england-forgotten-what-its-job-is/
Has the Bank of England forgotten what its job is?
Bank of England cuts rate, keeps watch over tariffs: LONDON, United Kingdom — The Bank of England on Thursday cut its key interest rate by a quarter point to 4 ...
business.inquirer.net/540021/bank-of-england-cuts-rate-keeps-watch-over-tariffs
Bank of England cuts rate, keeps watch over tariffs
Risk of no more rate cuts this year, economists warn – and food prices set to soar
inews.co.uk/inews-lifestyle/money/risk-no-rate-cuts-this-year-economists-warn-food-prices-soar-3847771
Risk of no more rate cuts this year, economists warn – and food prices set ...
Bank of England cuts interest rate to two-year low: Interest rate cut to 4% should help mortgage holders.
uk.finance.yahoo.com/news/bank-of-england-interest-rate-cut-latest-mortgages-110047258.html
Bank of England cuts interest rate to two-year low
Cost of borrowing at more than two-year low: What does it mean for you?: Interest rate cut to 4% means cheaper borrowing for some, but a smaller return for ...
news.stv.tv/world/cost-of-borrowing-at-more-than-two-year-low-what-does-it-mean-for-you
Cost of borrowing at more than two-year low: What does it mean for you?
BoE cuts its main interest rate to 4%, lowest since early 2023: The Bank of England (BoE) lowered its main interest rate by a quarter percentage point to 4% on ...
dailysabah.com/business/economy/boe-cuts-its-main-interest-rate-to-4-lowest-since-early-2023
BoE cuts its main interest rate to 4%, lowest since early 2023
Bank of England cuts rates to stop UK slowdown turning into a slump: But the Monetary Policy Committee only just mustered enough support for a cut after having ...
politico.eu/article/boe-cuts-rates-to-stop-uk-slowdown-turning-into-a-slump/
Bank of England cuts rates to stop UK slowdown turning into a slump
Bank of England cuts interest rates for fifth time in 12 months: The cuts will be "widely welcomed by both consumers and businesses" as the changes will "help ...
manchestereveningnews.co.uk/news/uk-news/bank-england-cuts-interest-rates-32217059
Bank of England cuts interest rates for fifth time in 12 months
UK interest rates cut to lowest level in two years: It's the third time this year that the bank has cut interest rates, and the fifth time since last July.
news.stv.tv/scotland/uk-interest-rates-cut-to-lowest-level-in-two-years
UK interest rates cut to lowest level in two years
Bank of England base rate cut to 4% - what it means for your money: Interest rates are now at their lowest level in two and a half years
inews.co.uk/inews-lifestyle/money/bank-england-base-rate-cut-4-what-means-money-3845816
Bank of England base rate cut to 4% - what it means for your money
Interest rates live: Boost for UK mortgage holders as Bank of England cuts rate for third time in 2025
independent.co.uk/news/uk/home-news/interest-rates-cut-latest-news-bank-of-england-uk-mortgages-b2803599.html
Interest rates live: Boost for UK mortgage holders as Bank of England cuts ...
Bank of England set to slash interest rates in bid to boost struggling economy: Interest rates are set to be slashed to 4% this afternoon, marking the fifth cut ...
mirror.co.uk/money/interest-rates-live-bank-england-35688697
Bank of England set to slash interest rates in bid to boost struggling ...
Bank of England expected to cut interest rates: Borrowing costs are forecast to fall to 4%, the lowest since early 2023, despite higher inflation.
bbc.com/news/articles/c5yprwyxjlxo
Bank of England expected to cut interest rates
Bank of England set to cut rates despite inflation misgivings: The ghosts of budgets past and still to come are haunting the Monetary Policy Commiteee’s latest ...
politico.eu/article/bank-of-england-interest-rate-cut-inflation-rachel-reeves/
Bank of England set to cut rates despite inflation misgivings
Good news for home buyers in 'almost certain' key decision today: It would mark the fifth reduction in a year
leicestermercury.co.uk/news/cost-of-living/good-news-home-buyers-almost-10405444
Good news for home buyers in 'almost certain' key decision today
Bank of England poised to cut interest rates on Thursday: Quarter-point reduction expected, with City investors predicting a three-way split among rate setters
theguardian.com/business/2025/aug/07/bank-of-england-cut-interest-rates-thursday-quarter-point
Bank of England poised to cut interest rates on Thursday
Should the Bank of England cut the base rate on Thursday? Two economists debate: Two former members of the Bank's interest rate-setting committee have ...
inews.co.uk/inews-lifestyle/money/saving-and-banking/should-bank-england-cut-base-rate-economists-debate-3844839
Should the Bank of England cut the base rate on Thursday? Two economists ...
The Bank of England’s trouble-free decision to cut interest rates: The Bank of England has long suffered from the accusation of groupthink, but it's clear ...
cityam.com/the-bank-of-englands-trouble-free-decision-to-cut-interest-rates/
The Bank of England’s trouble-free decision to cut interest rates
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Rising energy costs hitting UK firms, warns Bailey: The Bank of England governor said there was ‘subdued’ evidence of a wider effect on inflation and that ...
thetimes.com/business/economics/article/andrew-bailey-bank-of-england-imf-bangkok-l3hlh555j
Rising energy costs hitting UK firms, warns Bailey
Bank of England targeted in inflation installation stunt: The Bank of England has been mocked in a satirical art installation that takes aim at inflation and ...
cityam.com/bank-of-england-targeted-in-inflation-installation-stunt/
Bank of England targeted in inflation installation stunt
The Iran war has put the brakes on the next Bank of England rate cut: Before the war in Iran erupted, the Bank of England was widely predicted to be set to cut ...
cnbc.com/2026/03/09/iran-war-bank-of-england-march-april-rate-cut-inflation-interest-rates.html
The Iran war has put the brakes on the next Bank of England rate cut
Bank of England holds interest rates at 3.75%: The Bank cut interest rates from 4% to 3.75% in December, the lowest level since February 2023.
bbc.co.uk/news/live/cly1738vnrzt
Bank of England holds interest rates at 3.75%
HSBC becomes first big UK lender to cut its mortgage rates in 2026: Reduction follows Bank of England’s base cut in December, with further cuts expected this ...
theguardian.com/business/2026/jan/04/hsbc-first-big-uk-lender-cut-mortgage-rates-2026
HSBC becomes first big UK lender to cut its mortgage rates in 2026
Bank of England expected to cut interest rates to nearly three-year low: The Bank’s Monetary Policy Committee (MPC) is widely expected to reduce interest rates ...
uk.finance.yahoo.com/news/bank-england-expected-cut-interest-090042490.html
Bank of England expected to cut interest rates to nearly three-year low
Bank of England set to cut base rate to lowest level in two and a half years: Economists widely expect the Bank to lower interest rates to 4 per cent this week
inews.co.uk/inews-lifestyle/money/saving-and-banking/bank-england-cut-base-rate-lowest-level-3837891
Bank of England set to cut base rate to lowest level in two and a half ...
Interest rates UK: Bank of England move today could make a mortgage more costly - what it means for your money
shieldsgazette.com/business/consumer/interest-rates-uk-bank-of-england-today-mortgage-what-it-means-for-my-money-current-5185687
Interest rates UK: Bank of England move today could make a mortgage more ...
UK inflation eases to 3.4% amid falling fuel and air fare prices: Annual drop in May, down from reading of 3.5% in April, offset by rises in cost of food and ...
theguardian.com/business/2025/jun/18/uk-inflation-falls-bank-of-england-interest-rates
UK inflation eases to 3.4% amid falling fuel and air fare prices
Interest rates falling ‘too fast’ sparking inflation worry, Bank of England’s chief economist warns
independent.co.uk/news/business/interest-rates-rise-inflation-bank-of-england-b2754327.html
Interest rates falling ‘too fast’ sparking inflation worry ...
Money: £2,000 annual water bills coming, Ofwat warns: Welcome to the Money blog, Sky News' consumer and personal finance hub. We have our weekly Mortgage ...
news.sky.com/story/money-news-interest-rate-mortgages-bank-of-england-latest-sky-news-13040934
Money: £2,000 annual water bills coming, Ofwat warns
Martin Lewis urges savers to act today to pocket £3,300 more as rates plummet: The personal finance guru had advice for people with savings, cash ISAS and fixed ...
coventrytelegraph.net/news/cost-of-living/martin-lewis-urges-savers-act-31607330
Martin Lewis urges savers to act today to pocket £3,300 more as rates ...
Bank of England to delay interest rates decision – by two minutes: The Bank of England last postponed an interest rates meeting in September 2022 after the death ...
cityam.com/bank-of-england-to-delay-interest-rates-decision-by-two-minutes/
Bank of England to delay interest rates decision – by two minutes
UK interest rates latest: Bank of England cuts interest rates to 4.5%, the lowest level since June 2023
bbc.co.uk/news/live/cly5rm5d7pxt
UK interest rates latest: Bank of England cuts interest rates to 4.5% ...
Key FactsBank of England Cuts Rates, Eases Mortgage Costs
Feb 6, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: mirror.co.uk
  • The Bank of England reduced the base interest rate from 4.75% to 4.5% to address inflation currently at 2.5%.

  • This cut immediately lowers monthly payments for borrowers with variable-rate mortgages, saving about £29 monthly on a £200,000 loan.

  • Economic growth for 2025 is now forecast at 0.75%, down from an earlier estimate of 1.5%.

  • Market expectations suggest additional rate cuts may occur later this year amid ongoing economic and inflationary challenges.
  • This interest rate cut is welcome news, helping ease the cost of living pressures felt by families across the country and making it easier for businesses to borrow to grow.
    — Rachel Reeves, Chancellor, on the Bank of England's interest rate cut.