The Sunday Times - Could the Bank of England cut the base rate to save us from a coronavirus slowdown?
Carol Lewis from The Sunday Times writes: "Interest-rate watching has been a dull sport in recent years. Since March 2009, when the Bank of England’s monetary policy committee halved the bank’s base rate from 1% to 0.5%, it has been about as exciting as watching paint dry. It stayed at 0.5% for 7½ years."
Aaron Strutt, of the mortgage broker Trinity Financial, told The Sunday Times that a rate cut is unlikely to make a huge difference to mortgage rates, although it could boost confidence in the property market. It could also mean we all a few extra pounds in our pockets, giving the wider economy a boost.
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