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9 | Follower
The blue-chip index dropped 1.8 per cent to 8,024.02 on Monday morning, while the mid-cap FTSE 250, which is more closely aligned with the health of the UK economy, fell three per cent to 20,210.11
The Bank Rate has stood at 5.25 per cent since last August, but rate-setters have been edging closer and closer to cutting rates over the past few months as inflation has come back under control