Interest rate cut: Impact on credit cards, savings and mortgages

Vishala Sri-Pathma and Abi SmittonBusiness reportersBBCJon and Becky Ball say the rate cut may help their mortgage, but hit their savingsThe Bank of England cut interest rates on Thursday from 4.75% to 4.5%, the lowest level for more than 18 months.Lower rates can reduce the cost of borrowing, but could also mean lower returns on savings.The BBC spoke to borrowers and savers about how the rate cut will affect…