UK Base Rate hits .25%

What does that mean for investors?

Will the banks pass this on with cheaper mortgages?

The UK property market is entering a new era.

Does it mean opportunitybase rate drops to historic lows

“UK interest rates have been cut from 0.5% to 0.25% – a record low and the first cut since 2009.

The Bank of England announced a range of measures to stimulate the UK economy including buying £60bn of UK government bonds and £10bn of corporate bonds.

The Bank also announced the biggest cut to its growth forecasts since it started making them in 1983.

It has reduced its growth prediction for 2017 from the 2.3% it was expecting in May, to 0.8%.”

Read the full BBC article at: http://www.bbc.co.uk/news/business-36976528

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