Last week the Bank of England announced that it will reduce the base rate by 0.25%, taking it to 4.5%. Base rate was held at 4.75% in December after two cuts in 2024. The Bank meets every six weeks to ...
How does a cut in the Bank Rate affect other forms of debt? Most personal loans – ie, borrowing other than mortgages – come with fixed rates, which means a reduction in the Bank Rate won’t ...