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Bank Of England Hints At Rate Cut

Por: RTTNews Business February 01, 2024

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The Bank of England opened the door for interest rate cuts this year after holding the policy rate steady for four straight meetings, and lowered its inflation projections.The Monetary Policy Committee, led by Governor Andrew Bailey, decided in a 6-3 split vote to keep the bank rate at a 15-year high of 5.25 percent, as expected.Interest rates have now peaked and are pricing in a rate cut as early as June. The BoE dropped the wordings related to... + full article



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