Governor Andrew Bailey tells the BBC he expects rates to continue falling, but “the course is a bit more uncertain”.

The Bank of England has cut interest rates to 4%, the lowest level since March 2023, in a move set to bring some relief to mortgage borrowers, but with a warning that the path ahead is “uncertain”.

The Bank of England cut interest rates on Thursday but four of its nine policymakers - worried about high inflation - sought to keep borrowing costs on hold, suggesting the BoE's run of rate cuts might be nearing an end.