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Bank of England governor announces first rate cut since pandemic

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The Bank of England's governor announces a cut to its main interest rate for the first time since the Covid pandemic broke out in 2020, as British inflation has retreated in recent months. Andrew Bailey called it a "finely-balanced" decision, with policymakers agreeing on a cut by five votes to four. Bailey added, "we need to be careful not to cut rates too much or too quickly". SOUNDBITE

Added on the 01/08/2024 14:24:40 - Copyright : AFPTV - First images

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