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UK interest rate freeze ends run of 14 straight increases

UK interest rates have been left unchanged after the Bank of England said price rises were slowing faster than expected.
 
Interest rates were held at 5.25 per cent.
 
It comes after figures yesterday revealed an unexpected slowdown in inflation in August.
 
The bank said there were also increasing signs that higher rates were starting to hurt the UK economy.
 
Rates have been raised 14 times in a row in its battle to tame inflation.
 
The increases have led to higher mortgage payments for many homeowners and on loans but also higher savings rates.
 


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