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Euronews
Euronews
Eleanor Butler

BoE delivers Christmas rate cut after cooler-than-expected inflation

Bank of England Inflation ING United Kingdom United States Unemployment

The Bank of England cut its key interest rate by a quarter point to 3.75% on Thursday as UK growth remains weak and unemployment high.

The decision was supported by fresh inflation data this week, which showed that price pressures dropped to their lowest level in eight months in November. CPI was recorded at 3.2%, down from 3.6% in October.

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