Bank of England cuts base rate to 0.25%: what it means for your finances

Gary Adams

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In a long-expected move, the Bank of England (BoE) has today announced a cut to the UK base rate, taking it from 0.5% to 0.25% - the lowest it’s ever been.

In a long-expected move, the Bank of England (BoE) has today announced a cut to the UK base rate, taking it from 0.5% to 0.25% - the lowest it’s ever been. 

It’s the first time the base rate has changed since March 2009, when it dropped from 1% to 0.5%.  

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Source Moneywise http://ift.tt/2akGigj