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business / economy7 months ago

https://www.independent.co.uk/news/uk/home-news/interest-rate-uk-bank-england-mortgages-inflation-b2746642.htmlhttps://www.cnbc.com/2025/05/08/bank-of-england-cuts-interest-rates-heres-what-it-means-for-your-money.htmlhttps://www.bbc.com/news/live/c33zve8zmg6t
Independent.co.uk and 11 more
www.independent.co.uk
Open in Independent.co.uk
Highlights
  • Bank of England cut interest rates to 4.25% in May 2025, lowering mortgage costs for many borrowers.
  • Lenders like Barclays and HSBC have reduced rates, saving borrowers up to £170 yearly, especially those with variable loans.
  • The rate cut aims to boost economic growth and consumer spending amid inflation and global economic challenges.
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References

Interest rates live: Bank of England cuts rate in boost to homeowners

Interest rates live: Bank of England cuts rate in boost to homeowners

Bank of England cuts interest rates: Here's what it means for your money

Bank of England cuts interest rates: Here's what it means for your money

Bank of England cuts interest rates to 4.25%

Bank of England cuts interest rates to 4.25%

UK interest rates fall to 4.25% as Bank of England announces a quarter-point cut

UK interest rates fall to 4.25% as Bank of England announces a quarter-point cut

What does the interest rate cut mean for your mortgage?

What does the interest rate cut mean for your mortgage?

Interest rate cut to 4.25% by Bank of England

Interest rate cut to 4.25% by Bank of England

Bank of England cuts rates as trade clouds start to lift

Bank of England cuts rates as trade clouds start to lift

Bank of England CUTS interest rates in relief for struggling Brits

Bank of England CUTS interest rates in relief for struggling Brits

BoE cuts rates to 4.25% as it sees tariff hit to growth

Bank of England cuts main interest rate as US tariffs threaten growth

Bank of England cuts main interest rate as US tariffs threaten growth

Barclays, HSBC & Nationwide reduce mortgage rates after Bank interest rate cut

Barclays, HSBC & Nationwide reduce mortgage rates after Bank interest rate cut

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