Bailey says the Bank could be a “bit more activist” if inflation continues to ease.

Over one in ten (13%) are not confident in their ability to meet their mortgage repayments over the coming months.

Mortgage approvals have climbed for the third consecutive month.

Many economists predict that a further rate reduction will come at the Committee's meeting in November.

Sentiment in the housing market remains low.

Markets are currently pricing in a 25% chance of another cut tomorrow.

The PRA is replacing the SME Supporting Factor with a new SME lending adjustment for banks.

The data shows that new arrears cases are 5.3pp lower than a year earlier.

GDP grew by 0.6% in the second quarter of this year.

The Bank's Monetary Policy Committee has reduced rates for the first time since 2020.