Related topic: Interest rates

Four members voted to reduce Bank Rate to 3.5%.

Wider market uncertainty is starting to impact mortgage rate setting.

A December dip is mortgage approvals is likely to be short lived, industry experts say.

How will the Monetary Policy Committee (MPC) respond if US policy becomes significantly looser than UK policy?

Industry experts now say a February Bank Rate cut is now almost entirely off the table.

The Society’s SVR is also reducing by 25bps.

Mortgage searches hit their highest level of the month on 9th December.

The move means Bank Rate is at its lowest level in almost three years.

With unemployment figures rising and inflation easing, industry experts say a rate cut tomorrow 'now looks like a cert'.

The figures add weight to the expectation that the Bank of England will cut interest rates next week.