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Cryptopolitan 2024-04-24 19:24:18

Bank of England scared to cut interest rates too soon

The Bank of England is holding back on reducing interest rates despite inflation simmering down a bit. Huw Pill, the chief economist for the bank, recently explained that even though the interest rate decrease from 5.25% seems a bit closer, the fall in headline inflation doesn’t fully justify an easier monetary policy. Pill highlighted that

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