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The Bank of England (BoE) reduced its growth forecast for the UK economy after its decision on Thursday to cut interest rates for the third time in six months. The central bank lowered its forecast, cutting it in half, following the decision.
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👉 Bank of England cuts growth forecast for UK economy by half
👉 Main interest rate reduced to 4.5%, lowest level since mid-2023
👉 Deepening economic inequality in the UK labor market
👉 Government's economic growth target affected by the decision
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