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The base rate currently stands at just under 1%.
cut/raise, etc. the base rate »The Bank of England cut the base rate by a quarter point to 3.5%.
»a base rate cut/increase/rise
»0.95 points above/below (the) base rate
|| With the Bank of England base rate likely to remain at its historic low of 0.5% and 10 year gilts yielding 2.5% - a negative real rate of return when accounting for inflation - the FTSE Allshare index yields 3.6%.
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