The UK’s Bank of England cut its interest rate by another 0.25% taking the overall figure to 4.25% with the governor hinting that more cuts could follow in the coming months should the UK continue to see inflation easing. Having said that, the bank did qualify these remarks by stating they anticipated UK inflation rising to 3.5% in the short term as energy prices fluctuated.  The cut on the 8th was the fourth in the last 12 months and reports indicated the bank nearly voted for a larger cut down to 4% to help offset the impact of US tariffs on UK exports. This cut in rates will feed into greater positivity for consumers and for the UK’s housing market as mortgages become more affordable.