Steve Cox, chief commercial officer at Fleet Mortgages, explores the future path of Bank Rate and why he feels we are going to move into ‘big deal’ territory over the next...

The Bank's Monetary Policy Committee has held rates for a fifth consecutive time.

Clare will succeed Ben Broadbent, who has served since 2014.

Swati called for a reduction in Bank Rate of 0.25 percentage points - the first vote for a cut since the pandemic started almost four years ago.

The MPC member said she is less concerned that rates might need to be tightened further.

7 out of 10 experts believe the base rate will sit at 4.5% by the end of 2024.

The Bank's Monetary Policy Committee has held rates for a fourth consecutive time.

Economists had predicted a small drop in the annual rate.