Bank of England Faces Historically Slow Rate Cutting Cycle as UK Economy Recovers
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#79a8b667 ver:0.16

Bank of England faces historically slow rate cutting cycle as UK economy recovers. Governor Bailey acknowledges unique nature of this cycle, with gradual reduction in borrowing costs expected. Investors anticipate first rate cuts in August, followed by additional cuts. Bank may move slowly, pausing between cuts to assess data and strike balance between inflation and growth. Lower inflation and rising wages support case for rate cut, but rising oil costs and US demand-driven inflation are concerns. Some argue Bank should chart its own course, not follow Federal Reserve. Chief economist warns against being 'seduced' by declining inflation measures, emphasizes need for lasting and sustainable target. #BankofEngland #interestrates #inflation...

#newstr #BankOfEngland #InterestRates #UkEconomy 

 https://here.news/story/79a8b667?ver=0.16