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CAIRO, Dec 18 (Reuters) - The central bank of the United Arab Emirates cut its base rate applied to the overnight deposit facility by 25 basis points on Wednesday, from 4.65% to 4.40%, effective Dec.
Many mortgage lenders are cutting tracker and variable mortgage rates for existing customers as the dust settles on the Bank of England's decision to cut the base rate from 4.25% to 4% just days ago.
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