The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
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The central bank responded to a troubling mix of stuttering economic growth, stubborn inflation and President Trump’s tariff threats.
Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates LONDON -- Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates.
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LONDON (AP) — Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates.