Leading lenders pledge to follow 0.25% base rate cut
The Bank of England’s Monetary Policy Committee has reduced the base rate from 5.5% to 5.25%.The move had been widely predicted and could be followed by further and more aggressive cuts, should the slowdown of the UK economy gather pace.Andrew McLaughlin, chief economist at Royal Bank of Scotland, believes “economic headwinds are becoming stronger and [...]
Leading lenders pledge to follow 0.25% base rate cut
