Related topic: Bank Rate

Three members voted to reduce Bank Rate by 0.25%, to 4%.

Intermediaries overwhelmingly disagree with the Bank of England’s Huw Pill on the pace of cuts.

Analysts are now predicting an August rate cut at the earliest.

Industry experts predict that rising inflation could curb future Bank Rate cuts this year.

Pill says the quarterly pace of 0.25% Bank Rate cuts seen since last summer is too rapid given the inflation outlook.

Mortgage lenders predict strong growth could mean a 'further base rate cut next month has all but disappeared'.

The MPC vote was split three ways, with 5 members preferring to reduce Bank Rate by 0.25%.

However, industry experts believe mortgage rates may remain stubbornly high.

A hold was widely expected today due to rising inflation and strong private sector wage growth.

A new survey of 300 UK mortgage brokers highlights growing concerns about rising interest rates and increasing regulatory complexity in the property market - with a majority expecting...