Headline inflation reaccelerated in October to the highest rate since April 2024. 

Monthly GDP fell by 0.1% in September, with quarterly growth slowing to 0.1%.

The rules aim to strengthen the resilience of the services that critical third parties provide to firms.

The lender has passed on the full Bank Base Rate reduction plus an additional 0.50% cut.

The swaps market has been rising since mid-September.

Industry experts predict further reductions in the months ahead but say the Budget may slow the pace of future cuts.

The OBR says market expectations for interest rates remain volatile and predicts further increases in mortgage rates.

Mortgage approvals have climbed for the fourth consecutive month.

September marks the first time inflation has been below the Bank of England's 2% target since April 2021.

Rory Joseph and Sebastian Murphy, directors at JLM Mortgage Services, discuss the future path of Bank Rate and whether we could see 3% interest rates by the end of 2025.