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Responding to an interest rate cut by the US Federal Reserve (Fed) last week, the Bank of England (BoE) cut interest rates yesterday by 0.25%. Commentary focussed on slow growth and falling inflation, with the main area of concern being the economic growth forecasts. It was not exactly reassuring to see the BoE Monetary Policy Committee (MPC) vote five to four in favour of a sixth rate cut since the summer of 2024, as it forecast that inflation is likely to fall close to its