BBCMortgage broker Peter Seymour says the rate reduction would be "great news for borrowers".'A double whammy'Interest rates dictate the cost of borrowing set by High Street banks and money ...

Raphael Sheridan / BBCJames Willicombe says moving back in with his parents means he can save up to £1,000 a monthThe Bank of England has finally cut interest rates ...

The Bank of England boss says a move to cut rates marks "an important moment"The Bank of England's governor said a decision to cut interest rates is "an important ...

Countries including the UK and the US are "seeing some persistence” in inflation that might mean interest rates have to stay “higher for even longer”, the International Monetary Fund ...

50 minutes agoBy Kevin Peachey, Cost of living correspondentGetty ImagesCompetition between mortgage lenders has intensified ahead of a key decision on interest rates by the Bank of England.A host of lenders ...

4 days agoBy Michael Race, Business reporter, BBC NewsGetty imagesInterest rates should be held again next month rather than be cut for the first time in more than four years, a ...

Higher interest rates mean people have to pay more for their mortgages, for example, which means they have less money to spend on other things.Fewer people wanting to buy ...

Mortgage ratesJust under a third of households have a mortgage, according to the government's English Housing Survey, external.When interest rates rise or fall, around 1.2 million people on tracker ...

The EU has become the second major global economy to cut its lending rate this week, saying it had made progress in tackling inflation.The European Central Bank (ECB) announced ...

Hiring in the US surged unexpectedly last month, continuing to defy predictions of a slowdown while raising fresh questions about when interest rates will fall.Employers added 272,000 jobs in ...

After pushing borrowing costs sharply higher in recent years to try to quell soaring prices, countries around the world are shifting gear.The European Central Bank (ECB) on Thursday announced ...

While the rate has been falling over the past year, it has remained higher than some economists had forecast and this has pushed back expectations of when the Bank ...