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World

Why the Bank of England must cut interest rates

9 May 2024

4:39 PM

9 May 2024

4:39 PM

As the Bank of England’s Monetary Policy Committee (MPC) announces its interest rate decision today it has the chance to reverse the damage caused by its interest rate hikes. Rates have been fixed at 5.25 per cent since last August and the Bank has stubbornly refused to cut them. We’re all paying the price.

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