Bank shocks with steepest cut for 24 years
The bank cut, the magnitude of which has not been matched since August 1984 nor exceeded since March 1981, leaves bank rate at 3%, the lowest level since 1954.
The scale of the cut was unexpected, with most economists expecting a move in the region of 50 to 100 basis points.
Danny Gabay, a director at Fathom, a
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