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Bank of England cuts rate to 4.75 per cent

The Bank of England has cut interest rates by 0.25 per cent to 4.75 per cent, following yesterday&#39s 0.5 per cent cuts by the US Federal Reserve and the European Central Bank.

The cut was made desite inflation rising 0.4 per cent last month to 2.6 per cent, just above the Government&#39s target rate of 2.5 per cent.

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Another Towry man for Wentworth

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Buffett to hold shares to avert panic

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