What Happens Next ? The Bank of England has kept the Base Rate at 3.75%, balancing easing inflation against concerns that rising energy costs could push inflation higher later this year. While fixed mortgage rates don’t move directly with the Base Rate, this decision provides greater market stability. Inflation is expected to rise slightly before […]
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Economic Update The Bank of England voted yesterday by 7 votes to 2 to keep the Base Rate unchanged at 3.75%, marking the fourth consecutive meeting without a change. Policymakers remain cautious, balancing inflation, which remains above the 2% target at 2.8%, against signs of a slowing economy. Although inflation is expected to peak at
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Why The Base Rate Was Held The Bank of England held Bank Rate at 3.75% because inflation risks remain finely balanced. Energy price uncertainty, global conflict and higher import costs could push inflation higher, while a weaker economy and softer labour market may reduce inflationary pressure. In simple terms, the Bank did not want to
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Base Rate Held at 3.75% The Bank of England has held the Base Rate at 3.75% as it remains cautious about the outlook. Inflation is falling but still above the 2% target, and rising energy prices could push it higher again. The Bank is keen to avoid cutting rates too soon and reigniting inflation, while
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Mortgage Rates Rise Again It’s been a turbulent week in the financial markets and this has pushed mortgage rates higher. Rising inflation concerns and global uncertainty have caused the money markets to increase “swap rates”, which lenders use to price fixed mortgages. As their funding costs rise, lenders quickly adjust pricing. Over the past few
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Mortgage Rates Rising Mortgage rates are rising again because financial markets now believe the Bank of England is less likely to cut interest rates in the near future. Swap rates used by lenders to price fixed mortgages and reflecting expectations of future interest rates have risen sharply over the past week, increasing lenders’ funding costs.
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Base Rate – 3.75% The Bank of England has reduced the base rate to 3.75%, the lowest level in nearly three years, reflecting a slowing UK economy. Inflation has eased from recent highs, wage growth is moderating, and economic output has weakened, prompting the Monetary Policy Committee to cautiously support growth. While inflation remains above
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Competition Drives Rate Reductions The Budget brought no surprises for the mortgage market, and lenders had already adjusted pricing in advance. With swap rates — the key driver of fixed-rate costs — largely unchanged, there’s been no immediate pressure to reprice. Any near-term changes are expected to be competitive rather than economic, driven by lenders
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Base Rate Hold – Close Call ! The Bank of England has held the base rate at 4% following a close 5–4 vote, marking its second consecutive pause as policymakers await the Autumn Budget and further progress on inflation. The decision signals continued stability, offering reassurance to homeowners after a turbulent period for interest rates.
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