According to HSBC statement, the bank will also reduce its standard mortgage rate, which is one of the lowest in the country, from 3,94% to 3,69%, from the 1st of September.
Earlier, the banks of Santander UK and Barclays also announced reduction of standard mortgage rates.
We should remind you that following the meeting in August, the Bank of England cut a base rate by 0,25 points, down to historical low of 0,25%.