UK interest rates held at 3.75% but Bank says future cuts likely

Home › UK interest rates held at 3.75% but Bank says future cuts likely

The Bank of England has kept borrowing costs unchanged but opened the door to cuts later this year.

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Some 109 jobs will be cut at the company's headquarters and distribution centre in Scotland.

The Bank of England may have suggested more rate cuts are on the way, but they are unlikely to go much lower.

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