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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

UK interest rate cut: what does it mean for mortgages and savings?

Bank of England United Kingdom UK Finance
Woman looking for property to buy via real estate website on smartphone
Lots of mortgage lenders have been cutting the cost of their new fixed interest rate deals in recent weeks. Photograph: Oscar Wong/Getty Images

The Bank of England has cut interest rates from 4.5% to 4.25%. It follows two interest rate cuts in the second half of last year, and another one in February this year.

Will my mortgage get cheaper?

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