Bank of England

Andrew Bailey says he does not take a view on Brexit, but reversing the post-Brexit hit to UK-EU trade would be "beneficial".

The Bank cuts rates for the second time this year, saying the slowdown in inflation was behind the move.

Interest rates, set by the Bank of England, affect mortgage, loan and savings rates for millions.

There is greater competition among mortgage firms but no guarantee that rates will keep falling, brokers say.

It is the biggest lender so far to offer cheaper deals as the Bank of England is forecast to make more interest rate cuts this year.

The Office for National Statistics is under review after criticism about the reliability of its data.

Borrowing costs had been widely expected to be left unchanged with inflation, predicted to go up in the coming months.

Trump tariffs could affect UK economic growth, hitting UK consumers in the pocket, Bank experts warn