Bank of England Holds Interest Rates Steady Despite Economic Recovery Halt
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#79a8b667 ver:0.21

Bank of England holds interest rates steady despite economic recovery halt, but rate cuts are anticipated in September and December. Governor Bailey emphasizes unique slow rate-cutting cycle as UK economy recovers from pandemic. Lower inflation may lead to rate cut in August or September, but rising oil costs and US demand are factors to consider. Goldman Sachs and BNP Paribas predict rate cuts in August. Laura Foll argues against following US in setting interest rates. RBI may cut rates in August if US Fed does so in July. MPC expected to cut rates in October after Fed cycle starts. Pakistan faces challenges of inflation and debt servicing, with expectations of rate cut in upcoming MPC meeting. #BankofEngland #interestrates #inflation #economicrecovery #RBI #ratecuts #Pakistan...

#newstr #BankOfEngland #InterestRates #Inflation #UkEconomy #EconomicRecovery #Rbi #GdpGrowth #Pakistan'sEconomy 

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