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Interest rates expected to be cut by Bank of England
Interest rates are widely expected to be cut on Thursday, with further falls predicted for later in the year. Analysts say a cut to 4.25% from 4.5% by the Bank of England is highly likely, although no change or a bigger reduction remain possibilities. Such a move would make borrowing money by businesses and individuals less expensive, but there are likely to be lower returns for savers. The announcement will come at 12:02 BST, following a two-minute silence to mark VE Day. If a cut is confirmed, it would be the fourth rate reduction from last year's peak of 5.25%, and the second this year. Balancing act Members of ... (full story)
