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Ireland to Get Reduction to EU Bailout Interest Rate, BBC Says

Ireland is set to get a reduction in the 5.8 percent interest rate on its 85 billion-euro ($121.7 billion) financial bailout, the British Broadcasting Corp. reported on its website, citing people it didn’t identify.

The BBC said it was “unclear” how much of a rate cut will be granted on the European Union and International Monetary Fund aid package.

The bailout will be discussed at a future meeting and nothing has yet been decided, a spokesman for the Irish Finance Ministry told Bloomberg.

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