UK Economy: Bank of England cuts interest rate to 5%

Good news for homeowners with mortgages as interest rates have been cut for the first time in more than four years.

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The Bank of England reduced them to 5% from 5.25% where they’d been held since last August.

Economics Correspondent Helia Ebrahimi caught up with the Governor of the Bank of England, to ask him why rates have finally come down.
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