UK Interest Rates Paused
This is a UK news story, published by Canuro, that relates primarily to Andrew Bailey news.
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UK Interest RatesCanuro
•Business
Business & Economics
Mortgage Rates: When Will UK Interest Rates Fall Again? - Canuro

71% Informative
Interest rates are basically the cost of borrowing money—or the reward for saving it.
Inflation is slowing, but not quickly enough for the Bank of England to slash rates.
The average two-year fixed mortgage rate now sits at 5.47% .
The BoE governor, Andrew Bailey , put it bluntly: inflation may be cooling, but they don’t want to risk lowering rates too fast.
Rates could fall as early as November , but the process will be slow and measured.
The UK ’s financial watchdog has even stepped in, warning banks that if they don’t raise rates for savers, they’ll face “robust action” The UK has had one of the highest interest rates in the G7 .
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72
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