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Bank of England cuts base rate to 4% despite inflation concerns

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The Bank of England has announced an interest rate cut to the lowest level in two years, despite concerns about rising inflation and a weakening economy.

The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 5-4 to reduce the Bank Base Rate by 0.25% to a total rate of 4%.

View Full Article: Bank of England cuts base rate to 4% despite inflation concerns

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