Bank of England Expected to Maintain Interest Rates Amid Cautious Outlook

Reported about 23 hours ago

The Bank of England is likely to keep interest rates steady at 4.75% next week, adopting a slower approach to rate cuts compared to other central banks globally due to ongoing concerns about inflation and a turbulent job market. Investors predict minimal chances of an immediate cut as the central bank adjusts to new government spending plans while inflation remains above target.

Source: YAHOO

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