The building society's move comes after the Bank of England cut interest rates earlier this month from 4.75% to 4.5%.

The Bank of England has cut interest rates to 4.5%, down from 4.75 ... was normal for most of the last decade. Now, inflation is much lower than the highs of recent years, at 2.5% per year.

The Bank of England made its first interest rate cut of 2025 on Thursday amid ongoing concerns over sluggish growth in the British economy.

The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.

Despite this, NIESR says BoE only has scope to cut rates by a further quarter point this year and once more in 2026, lowering ...

The Mirror will be posting regular live updates ahead of the latest Bank of England interest rates decision, which is due at ...

Senior economists at the Bank of England will announce later on Thursday whether they are cutting the UK’s base interest ... months last year. The last time the rate was set at 4.5% was in ...

The central bank says inflation has come down enough to reduce rates again, but further cuts are up-in-the-air given higher-than-expected inflation on one hand but a weaker economy on the other ...

The new forecast came as the Bank cut interest rates to 4.5% from 4.75% ... "broadly flat since March last year". The UK ...

British consumers turned a little less pessimistic this month as the Bank of England's latest interest rate cut led to an ...

The Bank of England has today lowered interest rates by a quarter of a percentage point, judging a sharp upward revision to ...

UK interest rates have fallen to 4.5% after ... The Bank’s Monetary Policy Committee (MPC) voted for a quarter-point reduction after similar cuts in August and November last year, bringing ...