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Bank lowers interest rates to 5%

UK interest rates have been cut to 5% from 5.25% by the Bank of England in an attempt to spur the economy in the face of the global credit crunch.

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Sterling Falls on Rate Cut Hopes

The pound fell against the euro and the dollar after expectations were raised of an imminent cut in interest rates.

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Bank Keeps Interest Rates on Hold

The Bank of England's rate-setting Monetary Policy Committee (MPC) has decided to keep interest rates on hold at 5.25%.

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