Bailey says the Bank could be a “bit more activist” if inflation continues to ease.

Over one in ten (13%) are not confident in their ability to meet their mortgage repayments over the coming months.

Many economists predict that a further rate reduction will come at the Committee's meeting in November.

Sentiment in the housing market remains low.

Markets are currently pricing in a 25% chance of another cut tomorrow.

Previously the trend of more homes coming to the market for sale was being driven by the smaller homes sector of two-bedrooms or fewer.

GDP grew by 0.6% in the second quarter of this year.

The Bank's Monetary Policy Committee has reduced rates for the first time since 2020.

UK CPI held steady at 2%, but the ongoing 'stickiness' of services inflation could give cause for concern at the Bank of England.

GDP growth was higher than the 0.2% predicted for May.