1322 GMT - For consumers, the Bank of England's 25 basis-point rate cut provides some relief by lowering borrowing costs on credit cards, mortgages and other loans, says V12 Retail Finance Limited's Andrew Phillips in a note. "By making borrowing more attractive than saving, it could help stimulate consumption," the managing director says. V12 Retail Finance is part of the Secure Trust Bank Group and is a specialist provider of retail finance offering point of sale credit to customers of retail partners. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 08:22 ET (13:22 GMT)
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