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Bank of England cuts interest rate for the first time in four years

todayAugust 1, 2024 27

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The Bank of England cut interest rates Thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in 16 years.

​ The Bank of England cut interest rates Thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in 16 years. Read More Breaking News, Latest News and Videos | CNN 

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