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The Bank of England left the base rate unchanged at 5.00%, in line with market expectations

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2024-09-19 11:04:55
The Bank of England left the base rate unchanged at 5.00%, in line with market expectations. It cut interest rates by 25 basis points in August. It said most MPC members believed that a gradual reduction in interest rates was reasonable.
Bank of England Governor Bailey said caution was needed not to cut interest rates too quickly or too much.
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