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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

What does the Bank of England interest rate cut mean for mortgages and savings?

Terrace house rooftops in Leicester
Lenders have been reducing mortgage rates in anticipation of several rate interest cuts this year. Photograph: Loop Images Ltd/Alamy

The Bank of England has cut interest rates from 4.75% to 4.5% – the lowest level since June 2023.

Will my mortgage get cheaper?

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