Bank of England governor Andrew Bailey holds news conference after interest rate cut

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Bank of England Governor Andrew Bailey holds a news conference after the bank’s Monetary Policy Committee announced its latest interest rate decision. The Bank of England has cut interest rates for the fifth time in a year to 4% as it warned that climbing food prices would cause inflation to jump higher this year. In a tight decision after members of the rate setting committee had to vote twice to break a deadlock, the Bank cut the interest rate to the lowest level in more than two years. Get

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