interest rate cut

Bank of England cuts interest rate – consumer credit industry reaction

8th November 2024 Consumer Lending | #interest rate cut

The Bank of England’s Monetary Policy Committee (MPC) has voted to cut the base rate by 0.25% to 4.75%. MPC voted 8-1 to cut rates, with the dissenter preferring to leave cuts unchanged at 5%. Inflation is expected to increase to around 2.5% by the end of the year, from 1.7% in September. Steve Vaid,…

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interest rate cut

Bank of England cuts interest rate – consumer credit industry reaction

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