Bank of England expected to cut interest rates
Source: BBC
Dearbail JordanBusiness reporter, BBC NewsEPAUK interest rates are widely expected to be cut on Thursday, taking the cost of borrowing to its lowest level for more than two years.Financial markets predict that the Bank of England will reduce interest rates to 4% from 4.25% in its fifth cut since last August, taking it to the lowest since March 2023.A lower base rate can reduce monthly mortgage costs for some…
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