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Bank of England follows in Fed's Footsteps With 1.5 million adjustable rate mortgages due to reset in the UK this year, the Bank of England has joined the Fed's money printing orgy. On Feb 7th, the BoE lowered its key lending rate by a quarter point to 5.25%, following a similar christian louboutin uk cut in December. Pressure has increased on the BoE's Monetary Policy Committee to slash borrowing costs, even as soaring energy and food bills are driving inflation higher..
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