Related topic: Interest rates

Monthly GDP growth has fallen by 0.1%, with quarterly growth of just 0.1%.

Potential tax changes rank ahead of interest rates and the cost of living.

Base rate cuts are causing a glaring divide among consumers.

Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.75%.

Brokers also highlighted continued investment in digital innovation as a key driver of future market resilience.

Holding policy too tight for too long comes with costs to output and employment, which could then pull inflation below target, Breeden says.

The most significant percentage decline was seen in remortgage searches, which fell 12.7% compared with the weekly average.

Industry experts are now unsure whether another rate cut will come before the end of the year.

Typical mortgage payments have climbed by nearly half in the last five years. 

Industry experts are now divided on whether there will be a further cut to Bank Rate before the end of the year.