The Bank's Monetary Policy Committee voted 7-2 to reduce Bank Rate.

The Bank's Monetary Policy Committee voted 7-2 to reduce Bank Rate.
A third of first-time buyers think now is a good time to buy a home.
"It's time to get interest rates back toward normal", Taylor says.
UK GDP has increased for the first time in three months.
30-year gilts yields are at their highest level since 1998.
The move was widely expected following this week's higher-than-expected wage growth data and inflation figures.
Inflation has increased for the second month in a row.
Rent and mortgage spending grew 8.2% year-on-year in November, as more homeowners rolled off fixed rate mortgages onto higher interest rates.
Mortgage approvals are now at their highest level since the mini-budget in 2022.
Headline inflation reaccelerated in October to the highest rate since April 2024.
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