Guidance on future move is for rate to be cut again rather than any increase. Perhaps we will see cuts in shorter fixed mortgage rates?
Lower for longer.
The Bank of England has announced a 25 basis point cut in interest rates from 0.5% to 0.25%. The first cut since 2009 and the lowest UK rate on record.
£10bn corporate bond buying, another £60bn gilt buying among other measures
Lower for longer.