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Bank of England cuts rates for first time in four years

By Michele Maatouk

Date: Thursday 01 Aug 2024

(Sharecast News) - The Bank of England cut interest rates on Thursday for the first time in four years.
The Bank cut rates by 25 basis points to 5%, as widely expected. They had been at a 16-year high of 5.25% since August 2023.

The Monetary Policy Committee voted five...

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