Bank of England Cuts Interest Rate to 4.00 Percent

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Bank of England Cuts Interest Rate to 4.00 Percent
Photo: Alberto Pezzali

The British central bank Bank of England lowers the interest rate to 4.00 percent, from previously 4.25 percent.

The message was expected, according to a compilation of forecasts made by Bloomberg. The central bank assesses that inflation will reach its peak in September and then be at 4 percent in annual terms.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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