The Bank of England is expected to hold interest rates for the third time this afternoon, meaning millions of homeowners won't face another mortgage rate hike before Christmas. Most economists are anticipating the base rate will stay at 5.25%. The Bank of England Monetary Policy Committee (MPC) will announce its decision at 12pm today. The MPC held its base rate at 5.25% during its last two meetings, the most recent of which was in November, due to falling inflation. Before it started holding rates, the Bank of England had put up its base rate fourteen times in a row, starting in December 2021 when it was at a record low of 0.1%…
