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Housebuilder issues profit warning as interest rate cut delay hits market demand

Sky News Thursday, 13 June 2024
Demand in the housing market tailed off last month as hopes of a Bank of England rate cut faded, according to an industry report released just hours before a major housebuilder issued a profit warning.
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Bank of England cuts interest rates to 4.5% [Video]

Bank of England cuts interest rates to 4.5%

The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in more than 18 months. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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