BBC] The Bank of England has cut interest rates from 4.75% to 4.5%, their lowest level for 18 months. It is the third cut since August 2024, but the Bank said it will take a "cau

The Bank of England cut interest rates on Thursday from 4.75% to 4.5%, the lowest level for more than 18 months. Lower rates can reduce the cost of borrowing, but could also mean lower returns on savings. The BBC spoke to borrowers and savers about how the rate cut will affect them.

The Bank of England (BoE) have today announced their base rate is to be cut 25 basis points, leaving the Bank Rate - what we might simply call the interest rate - at 4.5 per cent, the lowest it has been in the UK since mid-June 2023.