Wednesday's cut to interest rates marks the first cut of its kind since the COVID-19 pandemic, and prior to that, the 2008 ...

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week with the average rate falling from 5.27% to 5.15%. A ...

The Bank's policy statement said a "gradual approach" to changing rates "remains appropriate". Mr Dales says: "The contrast ...

LOS ANGELES -- Sales of previously owned U.S. homes fell in August to the slowest annual pace in nearly a year even as ...