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Financial News

Thursday January 8, 08:13 PM

 

 

A man speaks on his mobile phone outside an electronics shop window displaying sales signs in Hounslow

By Adrian Dennis

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A man speaks on his mobile phone outside an electronics shop window displaying sales signs in Hounslow, west London. The Bank of England on Thursday cut its key lending rate by half a percentage point to 1.5 percent, the lowest level in its 315-year history, to ward off any threat of deflation in a sharp economic downturn. A man speaks on his mobile phone outside an electronics shop window displaying sales signs in Hounslow, west London. The Bank of England on Thursday cut its key lending rate by half a percentage point to 1.5 percent, the lowest level in its 315-year history, to ward off any threat of deflation in a sharp economic downturn.


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