✨ Bank of England cuts base rate to 3.75%
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The base rate has been cut from 4% to 3.75% after a 5-4 vote from the Bank of England’s Monetary Policy Committee. The reduction comes after inflation slowed from 3.6% to 3.2% in November, getting closer to the Bank’s 2% target. Peter Stimson, director of mortgages at the lender MPowered, said: “Wit
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The base rate has been cut from 4% to 3.75% after a 5-4 vote from the Bank of England’s Monetary Policy Committee. The reduction comes after inflation slowed from 3.6% to 3.2% in November, getting closer to the Bank’s 2% target. Peter Stimson, director of mortgages at the lender MPowered, said: “With inflation falling away […]
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