Why the Bank of England might be wary of cutting interest rates before the Fed
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Bank of England’s chief economist dampens hopes of summer interest rates cut
Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last monthThe prospects of a summer cut in UK interest rates have receded after the Bank of England’s chief economist said inflation must be squeezed out of the economy and cautioned against cutting too soon.After a key survey signalled strong sales across the private sector over the past month and the London stock market rose to a record high, Huw Pill said concerns remained that inflation, which is...
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Bank of England governor Andrew Bailey forecasts another big drop in inflation, boosting hopes for a cut in interest rates
The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.
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Bank of England left with tough choice on interest rate after week of fresh data
Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.