Related topic: Bank Rate

Four members voted to reduce Bank Rate to 3.5%.

Wider market uncertainty is starting to impact mortgage rate setting.

How will the Monetary Policy Committee (MPC) respond if US policy becomes significantly looser than UK policy?

Industry experts now say a February Bank Rate cut is now almost entirely off the table.

Mortgage searches hit their highest level of the month on 9th December.

Virgin Money has confirmed reductions to its standard variable and tracker mortgage rates following the Bank of England’s decision to cut base rate to 3.75%.

The move means Bank Rate is at its lowest level in almost three years.

With unemployment figures rising and inflation easing, industry experts say a rate cut tomorrow 'now looks like a cert'.

The figures add weight to the expectation that the Bank of England will cut interest rates next week.

Inflation is beginning to reduce after remaining at 3.8% for the past three months.