LATEST NEWS

08/02/08 - Interest Rates Cut to 5.25%

BB&J are pleased to report that the bank interest rate has today been cut, helping to boost the local property market.

Both businesses and homeowners have received a much-needed lift after Bank of England policymakers cut interest rates for the second time in three months.

The Bank's nine-strong Monetary Policy Committee (MPC) voted to trim base rates by a quarter-point to 5.25% amid growing signs of a slowdown in the economy and a cooling housing market.

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