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Bank remains cautious about inflation despite significant interest rate reduction

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August 1, 2024
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Bank of England Cuts Interest Rates After Years of Steady Increases After two years of consistently raising interest rates, the Bank of England has finally made a significant move in the opposite direction. Today, the Bank announced that they will be cutting interest rates, marking a critical turning point for the UK economy. The decision to cut rates comes after a year of maintaining relatively…

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