UK INTEREST RATES CUT!

On Wednesday 11th of March the Bank of England cut the base interest rate by half a percent to 0.25%.

This is a big change and has been done in order to stabilise the economy while the coronavirus causes uncertainty. We have been saying on here for a while how cheap borrowing money is at the moment already, with this change it has now got even cheaper, so this is great news for investors.

The economy goes around in a cycle of expanding and contracting interchanged with interest rate changes, the next step after a base rate cut is for the economy to improve.

This means that in the long run this change will push prices back up so if you are looking to lenders for investment money then now is the best time to do it.

https://www.bbc.co.uk/news/business-51831004?fbclid=IwAR1OmndrMcdlugDQ7lUbY9k_oVyLcybWcFzqlKUKJ04ZbxgYuYBYf8CHyok

 

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