Business HSBC has become the latest lender to cut mortgage prices, ahead of a big week of economic data that could play a big role in determining when the Bank of England will start cutting interest rates. As usual, the banking giant did not announce its new rates, which will come into effect from tomorrow (16 January), except to note that they are lower, Whether the reductions continue likely depends on December’s inflation reading, published this week. A number of below-expectations readings led to lenders cutting rates in the expectation that the Bank of England will be able to bring its base rate down soon. Inflation is…
