The Bank of England lowers its interest rate to 4.5 percent from previously 4.75 percent. The reduction of 0.25 percentage points was in line with market expectations.

Photo: Kirsty Wigglesworth/AP/TT
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The Bank of England lowers its interest rate to 4.5 percent from previously 4.75 percent. The reduction of 0.25 percentage points was in line with market expectations.