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Alex Daniel

UK interest rates set to fall at Bank of England meeting on Thursday

Interest Rates United Kingdom Inflation Bank of England Rachel Reeves

Andrew Bailey is the governor of the Bank of England (Benjamin Cremel/PA) - (PA Wire)

The cost of borrowing is expected to fall to its lowest point in more than 18 months on Thursday.

Senior economists at the Bank of England will announce whether they are cutting the UK’s base interest rate, which currently sits at 4.75%.

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