mortgage

Some tracker and variable rate mortgages move fairly closely in line with the Bank's base rate.

He once jokingly pointed out that he was far more concerned with making sure his mortgage payments were made than he was with establishing himself as a leader.

The Fed's key rate - what it charges banks for short-term borrowing - sets a benchmark for lending across the economy, influencing how banks set interest rates for credit cards, mortgages and other loans.

Will UK interest rate cut make my mortgage cheaper?

However, it warned that mortgage costs could remain "higher for longer" following last week's Budget.