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UK Interest Rates Cut to 4.75%

The Bank of England's Monetary Policy Committee has reduced interest rates from 5% to 4.75%, marking the second cut this year. This decision follows a drop in UK inflation below the 2% target, but future cuts are expected to be gradual due to uncertainties from recent tax increases and public spending plans.

Bank of England Cuts Interest Rates Again

The Bank of England has reduced interest rates from 5% to 4.75%, marking the second cut this year. This decision follows the UK government's recent budget announcement and Donald Trump's election as US president, which may influence future monetary policy amid concerns over inflationary pressures.