Base rate holds firm at 5.25% but long-awaited cut set for summer
The Bank of England (BoE) has maintained the base rate at 5.25%, adding to the pain for mortgage holders and credit borrowers, while savers breathe a sigh of relief in the hope of earning higher interest for longer. The Monetary Policy Committee (MPC) voted by a majority of 7-2 to maintain the base rate at
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