BANK of England policymakers have cut interest rates for the second time in three months.The Monetary Policy Committee (MPC) voted to reduce rates by a quarter-point.
BANK of England policymakers have cut interest rates for the second time in three months.
The Monetary Policy Committee (MPC) voted to reduce rates by a quarter-point to 5.25 per cent.
But hopes of a more dramatic cut were dashed, despite calls from retailers for a reduction to 5pc.
Monthly repayments on a typical £100,000 mortgage by around £16 a month to £722.80, based on a new rate of 7.25pc .
Those with a home loan of £250,000 will see around £40 knocked off their monthly repayments
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