Borrowing costs had been widely expected to be left unchanged with inflation, predicted to go up in the coming months.

Its previous decision, in February, was to cut rates from 4.75 to 4.5 per cent, taking base rate to 0.75 percentage points below its 5.25 per cent peak. The next decision will take place on 8 May.

Learn about the latest trends in mortgage rates, current market conditions, and predictions for future shifts. Will mortgage ...

Last week the Bank of England announced that it will reduce the base rate by 0.25%, taking it to 4.5%. Base rate was held at 4.75% in December after two cuts in 2024. The Bank meets every six ...

This will bring Chase’s easy-access savings rate to 3.5% AER. It comes after the Bank of England cut the base rate from 5% to 4.75% on 7 November. The Chase account pays a tracker rate ...