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Evening Standard

Anna Wise

Bank of England poised for Christmas interest rate cut after inflation slows

Bank of England Inflation ING Danni Hewson Smith

Interest rates are set to be cut before Christmas after inflation fell to an eight-month low in November (Jordan Pettitt/PA) - (PA Wire)

Interest rates are set to be cut before Christmas after inflation fell to an eight-month low in November, economists think.

The Bank of England is widely expected to reduce borrowing costs to 3.75% from 4% when it next announces its next decision on Thursday.

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