Interest rates Latest News

The Bank of England has opted to keep interest rates steady at 5%, marking a pause in its recent cycle of rate adjustments. This decision reflects a cautious approach as the central bank assesses the current economic conditions, including inflationary pressures and the overall health of the UK economy.

However, market analysts widely anticipate that a rate cut could be on the horizon later in the year, particularly if economic growth slows or inflation begins to ease. Such a move would be aimed at providing further support to the economy, helping to stimulate borrowing and investment. Clear Finance have noticed in recent months a softening of the mortgage market and much better deals becoming available.

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