Ten Things You Need to Know Today: Friday 3 Aug 2018

1. Interest rates to stay low, says Bank of England

The Bank of England yesterday raised interest rates for the first time in nine years, bringing the base rate up from 0.5% to 0.75%, but warned as it did so that there would be no return to the high rates such as 5% seen before the global financial crisis for decades because of factors including an ageing population, which is more likely to save money.

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