The Bank of England lowered its main interest rate by a quarter of a percentage point to 4.50 per cent, taking it to its ...

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Huw Pill called an expected rise in inflation this summer an ‘upward blip’ and said it would probably not affect everyday ...

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The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

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"I think that is a reason for caution, for carefulness in the way we proceed with removing monetary policy restriction and cutting bank rate," Pill said.