Strong backing for Bank of England rate cut

UK - The Monetary Policy Committee (MPC) of the Bank of England voted eight-to-one to trim interest rates 0.25%, when they met earlier this month, minutes from the meeting have shown.

The nine members of the MPC had been widely expected to cut rates and their decision was supported by most economists, who said there was little threat from inflation in the UK.

A clear vote in favour of cutting rates is usually interpreted as meaning the Bank sees scope for further cuts.

The lower interest rates a

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