BoE Preview – Analysts Expects Rate Cut but Not Unanimous MPC – Mortgage Strategy

BoE preview – City watchers expect rate cut but not unanimous MPC – Mortgage Finance Gazette

The Bank of England (BoE) looks set to cut Bank Rate by 25bps to 4% at its August meeting. This is the consensus view of analysts however they don’t think the vote will be unanimous with, with two hawkish Monetary Policy Committee (MPC) members expected… The post BoE preview – City watchers expect rate cut but not unanimous MPC appeared first on Mortgage Finance Gazette.

BoE preview – analysts expects rate cut but not unanimous MPC – Mortgage Strategy

The Bank of England (BoE) looks set to cut Bank Rate by 25bps to 4% at its August meeting. This is the consensus view of analysts however they don’t think the vote will be unanimous with, with two hawkish Monetary Policy Committee (MPC) members expected to favour no change. EY ITEM Club chief economic advisor Matt

Rightmove reports ‘notable reduction’ in mortgage rates as industry awaits expected BoE cut  | Today's Conveyancer

The current average two-year fixed mortgage rate is currently level with the average five-year rate, with both at 4.52%, according to the latest figures from Rightmove. And, according to the company’s mortgage expert Matt Smith, the rate is set to come down further if the Bank of England goes ahead with an expected cut of 0.25% next week to take UK interest rate to 4%. ‘Over the last week, average mortgage rates have remained pretty flat in the …