Bank of England Makes First Rate Cut Since 2020 Amid Inflation Concerns ...Middle East

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Bank of England Makes First Rate Cut Since 2020 Amid Inflation Concerns
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In a pivotal decision, the Bank of England has cut interest rates from a 16-year high to 5%, a move led by Governor Andrew Bailey. The decision was clinched by a narrow 5-4 vote, emphasizing the divided opinions among policymakers on inflationary pressures.

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