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Interest rates cut to 5.5%

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  • Interest rates cut to 5.5%

    Interest rates have today been trimmed from 5.75% to 5.5%, which will no doubt be a relief to homeowners on variable rate mortgages but will mean lower rates for savers. The cut is the first since August 2005. The quarter-point cut will take around £10-15 a month off the repayments of a typical £100,000 mortgage.Analysts [...]

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