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The Bank of England cut its key interest rate by a quarter point to 3.75% on Thursday as UK growth remains weak and unemployment high.
The decision was supported by fresh inflation data this week, which showed that price pressures dropped to their lowest level in eight months in November. CPI was recorded at 3.2%, down from 3.6% in October.
Thursday’s cut — which brings the BoE’s key rate to its lowest point in around three years — will…
