The Bank of England cut interest rates on Thursday from 4.75% to 4.5%, the lowest level for more than 18 months. Lower rates can reduce the cost of borrowing, but could also mean lower returns on savings. The BBC spoke to borrowers and savers about how the rate cut will affect them.

The Bank of England has lowered its base interest rate from 4.75% to 4.5%, marking its lowest level since June 2023. While the decision is expected to provide relief for some borrowers, the overall impact on mortgages,

We explain what the Bank of England's decision to cut rates to 4.5% means for your money - and whether rates will be cut again soon.