Related topic: Bank of England

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.

Mortgage borrowing fell from £5.2bn in September to £4.3bn in October.

Inflation is beginning to reduce after remaining at 3.8% for the past three months.

Monthly GDP growth has fallen by 0.1%, with quarterly growth of just 0.1%.

Base rate cuts are causing a glaring divide among consumers.

Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.75%.

Brokers also highlighted continued investment in digital innovation as a key driver of future market resilience.