Related topic: Interest rates

Lower inflation and interest rate cuts will help unlock money so it can be spent in the economy, Martins said.

Inflation has fallen from 3.4% in December to 3% in January.

Economists are now predicting further Bank Rate reductions 'sooner rather than later'.

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.