Borrowers may have to wait until summer for a cut in interest rates as the Bank of England looks for signs the cost-of-living crisis has eased

[Carlene]

Borrowers may have to wait until summer for a cut in interest rates as the Bank of England looks for signs the cost-of-living crisis has eased

Economists expect them to be kept at the current level of 5.25 per cent, which it has been held at since August last year. It means borrowers could have to wait longer before pressure starts to ease.
Source: Borrowers may have to wait until summer for a cut in interest rates as the Bank of England looks for signs the cost-of-living crisis has eased