"> When will we see a cut in interest rates? | largemortgageloans.com
Mortgage Market News
Mortgage Market News » When will we see a cut in interest rates?

When will we see a cut in interest rates?

It could hardly be a shock to anyone today that the Bank of England chose to keep interest rates at 0.75%. With Boris Johnson little more than two weeks into his role as PM, a fresh Cabinet settling in and fears of a ‘no-deal’ Brexit, the Monetary Policy Committee (MPC) had little else in the way of options.

The Bank’s Chief Economist Andy Haldene has been quoted as saying he would be “very cautious” about cutting rates unless there was a severe downturn, as there’s a risk it could fuel inflation rather than growth.

Although BoE Governor Mark Carney has repeatedly spoken about his long term strategy of slow and steady rises, protracted Brexit negotiations have effectively tied his hands from progressing with his plans. In fact, NatWest’s Co-Head of Global Economics, Ross Walker believes that the BoE will end up having to cut rates twice next year.

Just yesterday, the Federal Reserve lowered US rates by 0.25% and last week the European Central Bank held interest rates steady. Financial futures markets – taken at face value – point to an 80% chance that the BoE will lower the rate by 0.25% to 0.5% by the end of January and before Carney steps down from his role. We will watch with interest who the new Chancellor – Savid Javid – chooses as his successor.

If you have any queries about how interest rates might affect you, please get in touch with our team of expert advisers here at largemortgageloans.com.


Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage. 


Return to the Latest Market News

Latest Articles/News

Case Studies

When dealing with entrepreneurs, we are aware that their situations can be …

Latest/Related News

As reported by the media, first time buyers have been particularly badly hi…

Press Release

The team at largemortgageloans.com has collectively been nominated for thre…

Press Coverage

Lock down your finances for the coming storms…

LML Brochure

Download our brochure to find out more about largemortgageloans.com and what we can offer

Click to Download

Sign Up

Subscribe now, to hear from us on the latest mortgage market news, products and services.

Client Testimonials


Live chat with
our team now