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Base rate cut to 4.5% – here's why and what it means for your mortgage and savings

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The base rate has been cut to 4.5% from 4.75% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates.

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Base rate cut to 4.5% – here's why and what it means for your mortgage and savings

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