UK interest rates cut to 4.75%

https://www.thetimes.com/business-money/economics/article/interest-rates-uk-news-bank-england-latest-decision-november-2024-bd7z9665l

Posted by TimesandSundayTimes

5 comments
  1. MPC predicts rates will be “sustainability on target” by “early 2027”.

    Presumably that doesn’t account for trumps tariffs.

    Will be more interesting to see what the Fed do later today.

  2. Nice. That’s another £70 a month off my mortgage.

    We’re finally in the black each month. Living maximum efficiency we were having to eat into our savings which were rapidly dwindling at the peak of this.

    It sucks how much my family and others like it were hit at random to suffer this burden for the country while those whose fixed terms timed right, don’t know any of this difficulty. But hey, I’ve survived it, time to start saving for the next financial catastrophe that hits.

    Perhaps the next time the country is in financial trouble everyone living in an odd number house will pay double council tax for the year.

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