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Hopes For New Interest Rate Cut As Inflation Falls Faster Than It Has For The Last 16 Years
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The major downfall in inflation for 16 years is likely to clear a path for the Bank of England to reduce their interest rates to just 2 per cent by Christmas. Official figures reveal inflation has dropped at its fastest pace since 1992, which was down 0.7 percentage points. According to the Office for National Statistics, between September and October, it declined ‘like a stone’ from 5.2 per cent to 4.5 per cent. Continue Reading… »
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