The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy.
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Shoppers turn to supermarket promotions as they come under pressure from price rises
The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy.
The Consumer Price Index rose by 1.7% in the year to August 2024, down from an annual increase of 2.2% in the 12 months to July 2024.
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