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Interest Rate Cut and Slower Inflation Offer Britons a Reprieve
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Interest Rate Cut and Slower Inflation Offer Britons a Reprieve

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1 min read
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The New York Times

Britain’s central bank reduced interest rates to 3.75 percent, a move that was welcomed by the government, which has been looking to lower the high cost of living.

The British economy ended the year with a moment of respite. Policymakers at the Bank of England cut interest rates on Thursday a quarter point, to 3.75 percent, after inflation had slowed more than economists expected. The central bank had held rate... [961 chars]

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Source: The New York Times

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