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Economic Buzz: Bank of England lowers key interest rate for fifth time in last one year
07-Aug-2025 18:10
The Bank of England lowered its key interest rate for the fifth time in a year as it seeks to balance a recent pickup in inflation against a cooling jobs market. The Bank of England cut interest rates on Thursday but four of its nine policymakers - worried about high inflation - sought to keep borrowing costs on hold.Governor Andrew Bailey and four colleagues trimmed Bank Rate to 4% from 4.25%.

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