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UK Base Interest Rate Retained At Historic Low.

: 17/09/2020 - 13:22

The UK's base rate of interest has been kept at its record low of point one of a percent. 

The Bank of England says policymakers have been briefed on cutting rates below zero if needed - to encourage lending and get the economy moving. 

With a Brexit deadline AND the end of the furlough scheme approaching, the bank says the outlook "remains unusually uncertain".


Stock image: Pixabay

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