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Economists say extraordinary times will take rates to record low

Economists predicted benchmark UK interest rates would plummet to an all-time low of 1% amid "extraordinary" economic circumstances, after the Bank of England astounded all by slashing them from 4.5% to 3% yesterday.

Economists predicted benchmark UK interest rates would plummet to an all-time low of 1% amid "extraordinary" economic circumstances, after the Bank of England astounded all by slashing them from 4.5% to 3% yesterday.