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The Independent UK

National

Alexander Butler and Matt Mathers

UK interest rates: Bank of England announces interest rate decision after fall in inflation

Inflation Interest Rates Bank of England United Kingdom CBI

Related video: Parents financially supporting Gen Z highlights current economic woes

Interest rates have been frozen by the Bank of England for the seventh consecutive month despite another drop in inflation.

Bank chiefs on Thursday held the rate at 5.25 per cent in another blow to workers, homeowners and borrowers.

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