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Bank of England holds interest rates at 4% and slows scheme to sell stock of UK bonds

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The MPC voted to leave borrowing costs unchanged, after five cuts since summer 2024, including one this August. Photograph: Laura Rose Whereatt/The Guardian

The Bank of England has left interest rates on hold at 4% and will slow the pace of its “quantitative tightening” programme in the year ahead to avoid distorting jittery bond markets that set the cost of government debt. Read More

 

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