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Evening Standard
Evening Standard
Business
Nuray Bulbul,Sian Hewitt and Beril Naz Hassan

When will mortgage rates come down? Interest rate remains high after Bank of England update

Bank of England Interest Rates Rishi Sunak

The Bank of England has announced that it will be holding the base interest rate at 5.25 per cent for the second time in a row. 

The Bank’s Monetary Policy Committee, which makes the decisions about the rates, made the choice saying it expects a sharp slowdown in inflation to 4.8 per cent in October’s figures. 

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