Base rate drops to 5.5%

The Bank of England today voted to drop the base rate to 5.5% following indications that the economy is slowing.

The reduction is good news for mortgage holders with the two big lenders Halifax and Nationwide dropping their rates promptly following the cut.

This entry was posted on Thursday, December 6th, 2007 at 2:19 pm and is filed under Interest Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.