The UK inflation rate has feached its lowest point since 1997, it was announced today.
The Bank of England predicts that inflation will drop below the government’s 1% lower limit unless the interest rate is cut again.
Economists predict a further interest rate cut in December this year, which could mean cheaper unsecured and secured loans for consumers [...]

Borrowing and lending could become much easier in the coming months due to a surprise cut in the interest rate.
Though it was expected that the Bank of England would make a further interest rate cut, reducing it to just 3% was a surprise to many experts.
If banks pass on the cut to their customers, this [...]

Commentators and businesses have suggested that Bank of England will make a further interest rate cut in the coming weeks.
This could be good news for borrowers, as it could make obtaining secured loans and mortgages easier, and reduce payments on existing secured debt.
The Federation of Small Businesses, the British Chambers of Commerce and head of [...]