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The Bank of England cut its interest rate from 5.25% to 5% at the start of August, which was the first reduction since the start of the pandemic in March 2020. Mortgage deals, which are heavily influenced by the Bank’s interest rate, have crept down in response but are still well above what people have been used to in recent years. The Bank of England will announce its next decision on rates at midday, with analysts and experts predicting it will stay at 5%.They are betting the Bank is more…