{"id":639402,"date":"2025-12-18T02:36:17","date_gmt":"2025-12-18T02:36:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/639402\/"},"modified":"2025-12-18T02:36:17","modified_gmt":"2025-12-18T02:36:17","slug":"bank-of-england-expected-to-cut-interest-rates-3","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/639402\/","title":{"rendered":"Bank of England expected to cut interest rates"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">About 500,000 homeowners have a mortgage that &#8220;tracks&#8221; the Bank of England&#8217;s rate. If a 0.25 percentage point cut does come, it is likely to mean a typical reduction of \u00a329 in their monthly repayments.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">For the additional 500,000 homeowners on standard variable rates, there would typically be a \u00a314 a month fall, assuming there is a cut in the Bank rate and lenders pass on the cut to their customers.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The vast majority of mortgage customers have fixed-rate deals. Rates on these deals have been falling recently, owing to the expectation among lenders of a Bank rate cut in December.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">As of 17 December, the average two-year fixed residential mortgage rate was 4.82%, according to financial information company Moneyfacts. A five-year rate was 4.90%.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Mortgage rate cuts should also reduce some financial pressure on landlords, and perhaps ease the likelihood of rent rises for tenants.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However, savers are likely to see a further fall in returns as a result of any Bank rate falls. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The current average rate on an easy-access savings account is 2.56%, according to Moneyfacts.<\/p>\n","protected":false},"excerpt":{"rendered":"About 500,000 homeowners have a mortgage that &#8220;tracks&#8221; the Bank of England&#8217;s rate. If a 0.25 percentage point&hellip;\n","protected":false},"author":2,"featured_media":639403,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[13,12,14],"class_list":{"0":"post-639402","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-headlines","9":"tag-news","10":"tag-top-stories"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115738246104424149","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/639402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=639402"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/639402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/639403"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=639402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=639402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=639402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}