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Transcripts For BBCNEWS BBC 20240703

5. 25 . Susanna streeter is a friend of the bbc and is waiting in the wings. I saw you react as soon as that announcement came up. Your reaction, please . Reaction, please . Yes, finally the Bank Of England reaction, please . Yes, finally the Bank Of England has reaction, please . Yes, finally the Bank Of England has pressed reaction, please . Yes, finally the Bank Of England has pressed the | reaction, please . Yes, finally the i Bank Of England has pressed the big red pause button on Interest Rate hikes and this will be a big relief for those consumers and those companies who have been really struggling with higher Borrowing Costs. And it is clear that that the drop in inflation in the year to august and also that caught rate of inflation, stripping out volatile food and fuel prices, really did come as a surprise because they voted with the majority of 5 4 to maintain the bank rate and to keep rates on hold. Whereas if you look at the last time they had to make this decision, only on

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