Understanding the Bank of England's Latest Interest Rate Decision - Clear Finance | Financial Services based in Doncaster

From the BOE: In November 2024, the Bank of England (BoE) decided to lower the base interest rate by 0.25%, setting it at 4.75%. This adjustment reflects the Monetary Policy Committee’s (MPC) view that inflationary pressures in the UK are easing, making it possible to begin relaxing monetary policies. The MPC remains optimistic about inflation returning to its 2% target over the medium term. However, some uncertainties persist, particularly in areas like wage growth and the broader global economic environment.

Despite these changes, Clear Finance is here to support you with access to competitive mortgage products tailored to your needs. Whether you’re looking to buy your first home, remortgage, or explore other financial opportunities, our expert team can help you find the right solution in today’s market

For more information about our Mortgage Services and products in Doncaster call 01302 835938

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