Bank Of England Cuts Interest Rate As Inflation Slows
Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions. As widely expected, the BoE trimmed borrowing costs by 25 basis points to 4.75 percent at a regular policy meeting, it is second reduction since August as the Consumer Prices Index in Britain stands at 1.7 percent, the lowest level since 2021 and below the two-percent […]
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