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The Independent UK
The Independent UK
Holly Evans and Jabed Ahmed

Bank of England pour doubts over major interest rate cut with fresh inflation prediction: Live

Rachel Reeves Interest Rates

Bank of England Chief Economist Huw Pill has backed the cautious approach to interest rates set out by the bank.

On Thursday, the bank announced a cut in interest rates from 4.75 per cent to 4.5 per cent, but the economy is forecasted to grow by just 0.75 per cent.

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