Bank of England Cut Interest Rates

Bank of England Cut Interest Rates

The Bank of England has cut interest rates for the second time this year as expected.

Policymakers at the Bank of England have opted to reduce interest rates to 4.75% today.

Rates sat at 5% after being cut by 0.25% points in August, the first reduction since 2020. They were then kept the same in September.

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As school holidays approach, family buyers often become more focused. For sellers with space, gardens or flexible rooms, July can be a useful moment to attract motivated movers.

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