Traders back a 50% chance Bank of England will cut rates in March Inflation fell to 3.9 per cent in November, down from 4.6 per cent in October By John-paul Ford Rojas Associate City Editor Updated: 03:07 EST, 21 December 2023 e-mail 110 View comments Borrowers were given an early Christmas present yesterday after a sharp fall in inflation raised hopes that a rapid series of interest rate cuts will take place next year. Such a scenario would intensify competition among mortgage lenders to offer cheaper rates – a boost for millions of home owners who are facing higher repayments when their current deals come to an end. Official…
