Leeds Building Society’s in-house economist, Martin Temple, said: “The recent tariffs announced by the US government on UK exports may seem a world away from decisions consumers might want to make on taking out a new mortgage deal or considering which savings products to choose, however, the market reaction seen over the last couple of days suggests the Bank of England may be even more likely to reduce the base rate by another 0.25% to 4.25% when they next meet on 8 May.