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Evening Standard
Evening Standard
Vicky Shaw

Base rate hold ‘will pave way for mortgage lenders to cut rates in weeks ahead’

Jenny Ross Bank of England
Recent mortgage rate cuts have tended to be ‘small and frequent’, an expert said (Yui Mok/PA) - (PA Archive)

Mortgage lenders could be encouraged to make more rate cuts in the coming weeks, while savers may have a “valuable window of opportunity” as the Bank of England base rate remains on hold, finance experts have suggested.

The base rate was kept at 3.75% as the Bank cautioned the cost of living is still set to rise this year amid the fallout from the Iran war.

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