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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Nationwide cuts mortgage prices as Bank of England economist says interest rates may peak lower, but stay high

Nationwide has cut the rates on its mortgages yet again, hours after a top Bank of England policymaker signalled that the Bank’s interest rates may peak at a lower level than expected, but stay high for longer.

The country’s largest building society cut 0.15 percentage points off many of its fixed-rate mortgage products, while also introducing reductions for some of its tracker range too.

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