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Bank of England set to cut interest rates
People walking near the Bank of England

THE Bank of England is likely to cut interest rates from 4.5 per cent to 4.25 per cent on Thursday, economists predicted today.

Inflation has fallen in recent months, which is likely to indicate to policymakers that interest rates can decrease.

It comes as Consumer Prices Index (CPI) inflation slowed to 2.6 per cent in March, down 0.2 per cent from February, while the rate of services inflation fell to 4.7 per cent from 5 per cent.

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