Another Interest Rate Cut! The Bank of England has just announced a 0.25% cut in the rate of interest meaning the base rate now sits at 4%. In a move which is good news for borrowers and house buyers, the bank hopes to further stimulate the economy and grow. Many lenders will have already built this expected cut in to their lending rates, however, a trend of falling interest rates can only be a good thing for the housing market and the economy in general