The Bank of England has cut the base rate by 0.25% to 4.75%. Its rate-setting Monetary Policy Committee voted in an 8 to 1 split in favour of cutting the rate, which affects a wide range of consumer loan agreements from credit card to mortgage payments. This marks the second rate cut since August when it was lowered

​  The Bank of England has cut the base rate by 0.25% to 4.75%. Its rate-setting Monetary Policy Committee voted in an 8 to 1 split in favour of cutting the rate, which affects a wide range of consumer loan agreements from credit card to mortgage payments. This marks the second rate cut since August when it was lowered  

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The Bank of England has cut the base rate by 0.25% to 4.75%. Its rate-setting Monetary Policy Committee voted in an 8 to 1 split in favour of cutting the rate, which affects a wide range of consumer loan agreements from credit card to mortgage payments. This marks the second rate cut since August when it was lowered