Reported about 22 hours ago
Market upheaval in Britain has raised concerns that the Bank of England may slow down its interest rate cuts due to persistent inflation and economic challenges. Experts highlight the difficulty of reducing rates amid rising unemployment and stagnant growth, with increasing concerns over a potential stagflation as Gilt yields rise and the pound falls. The BOE must navigate the fine line between maintaining its inflation-fighting credibility and the need for prompt action to prevent a sharp economic downturn.
Source: YAHOO