- 5 percentBritain’s central bank lowered rates a quarter of a percentage point to 5 percent, the first rate cut since March 2020, when the coronavirus pandemic shut down large parts of the economy. The rate cut brings an end to the most aggressive efforts of the central bank to stamp out high inflation, which reached double digits less than two years ago.www.nytimes.com/2024/08/01/business/bank-of-england-interest-rates.html
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