Bank of EnglandAug 1 2024

Bank of England cuts rates for first time in 4 years

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Bank of England cuts rates for first time in 4 years — This is the first time the base rate have been reduced in four years (Photo: REUTERS/Claudia Greco)

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The Bank of England has reduced interest rates for the first time since March 2020, cutting them to 5 per cent.

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