Bank of England cuts interest rates - 7th November 2024

Back to News
Looking to the Future

With effective planning and support, we can help you achieve your long-term financial goals.


Find out more


Chartered Financial Advice

The need for financial solutions impacts all areas of financial advice


Find out more


Bank of England cuts interest rates - 7th November 2024

The Bank of England has cut interest rates today from 5% to 4.75%. This comes after the rate was cut for the first time in more than four years in August when inflation fell to its 2% target, the bank then held rates in September but since then official data showed inflation had fallen to 1.7%, the lowest level since April 2021.

In the US the Federal Reserve will be publishing its latest interest rate decision later today, coming just a day after the presidential election.

Essential Wealth Management
1-2 Great Farm Barns
West Woodhay
Newbury
Berkshire RG20 0BP
Tel: 01488 669840
Fax: 01488 669216
Email: [email protected]

Essential Wealth Management is a trading name of Essential Wealth Management and Advice Ltd which is an appointed representative of 2plan wealth management Ltd which is authorised and regulated by the Financial Conduct Authority. Essential Wealth Management and Advice Ltd is entered on the FCA register (www.FCA.org.uk) under no. 518528. Registered office: 1-2 Great Farm Barns, West Woodhay,Newbury, Berkshire RG20 0BP. Registered in England and Wales Number: 04020006.

The Financial Ombudsman Service is available to mediate individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit: http://www.financial-ombudsman.org.uk/contact/index.html

The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers in the UK.