MortgagesJun 6 2024

ECB decision fires starting pistol on UK rate reductions

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ECB decision fires starting pistol on UK rate reductions
ECB recently cut interest rates for the first time in five years, lowering rates by 0.25 per cent to 3.75 per cent (Photo: Gonzalo Álvarez Balcazar/Pexels)

The European Central Bank cutting rates has “potentially fired the starting pistol on UK rate reductions”, according to Coreco managing director, Andrew Montlake.

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