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Evening Standard
Evening Standard
Politics
Alex Daniel

UNCOVERED: Why have interest rates been cut and what does it mean - Caught on Camera

Andrew Bailey, governor of the Bank of England (Henry Nicholls/PA) - (PA Wire)

The Bank of England has cut interest rates for the second time in four months, after inflation fell back to normal levels earlier this year.

Rates had been at 5% after policymakers previously cut them over the summer – on Thursday they came down again.

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