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Summary:Britain cut interest rates by two percentage points on September 17, the fourth announcement of a change in two days, re-establishing the level at 10 per cent. The rate stood at 10 per cent before the European currency market crisis of September 16, which led Britain and Italy temporarily to suspend their membership of the ERM and Spain to devalue the peseta by five per cent.
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Location:UK ENGLAND LONDON
Reuters ID:LDL0011W388LV
Aspect Ratio:4:3
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Copyright Holder:Reuters Archive
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