The Bank of England has cut interest rates by a quarter percentage point to 5%.
It brought to an end the joint-longest plateau for rates since the Bank was granted independence in 1997.
But Bank of England governor Andrew Bailey said it was important not risk a return to inflation by cutting interest rates too quickly.
Full story: https://news.sky.com/story/interest-rates-cut-for-first-time-in-more-than-four-years-13188603
#bankofengland #costofliving #interestrates
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