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Bank of England: Potential August Interest Rate Cut Signaled
1 day ago /
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Author：小编
In today's rate decision, the Bank of England has kept its key interest rate steady at 4.25%, yet there are whispers within the institution hinting at a possible rate reduction, particularly in August. The surge in energy prices, fueled by conflicts in the Middle East, has heightened economic uncertainty. Six out of the nine members of the Monetary Policy Committee (MPC) voted to maintain the current interest rate, whereas three members advocated for a reduction of 25 basis points. Market observers anticipate that the Bank of England might opt for a rate cut in August to address the twin challenges of economic sluggishness and inflation.
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