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Evening Standard
Evening Standard
Politics
Vicky Shaw

‘Disappointment’ for home buyers and ‘frustration’ for savers as base rate held

The Bank of England kept the base rate on hold at 4% on Thursday (Joe Giddens/PA) - (PA Archive)

Some mortgage rates have been hiked over the past month, despite August’s base-rate cut, while “frustrated” savers have seen rates tumble, according to a financial information website.

The Bank of England kept the base rate on hold at 4% on Thursday, after having previously made a 0.25 percentage point reduction from 4.25% to 4% on August 7.

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