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Evening Standard
Evening Standard
Business
Jonathan Prynn

Bank of England cuts interest rates to 4.5%

Interest rate cut - (Supplied)

The Bank of England has cut its benchmark interest rate by a quarter point to 4.5%.

The Bank’s rate setting Monetary Policy Committee (MPC) voted by 7 to 2 to bring rates down. Two members of the MPC voted for a bigger 0.5% cut.

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