Interest rates are cut
The Bank of England has cut interest rates for the first time in two years today


The Bank of England has cut interest rates to 5.5% from 5.75%. This is the first time interest rates have been cut in 2 years. Interest rates have risen five times since the middle of last year, but the Bank had kept rates on hold since July. The Bank has been keen to keep price growth under control, and many analysts had predicted that they would want to see oil and food cost pressures abate before moving to lower interest rates. However, reports from Nationwide and Halifax this week have shown falling house prices and a slump in consumer confidence.
Sign up for the Country Life Newsletter
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
-
If heaven is on earth, it might be in this home with a converted chapel that is now a swimming pool
5 Wood Barton Town House is part of an exclusive 80-acre development in Devon that also comes with fishing rights on the River Avon and four bedrooms.
By James Fisher Published
-
An Italian-inspired recipe for lemon-butter pasta shells with spring greens, ricotta and pangrattato
Spring greens are just about to come into their own, so our Kitchen Garden columnist reveals exactly what to do with them.
By Melanie Johnson Published