The Bank of England has forecast Rachel Reeves’s first budget as chancellor will increase inflation by up to half a percentage point over the next two years, contributing to a slower decline in interest rates than previously thought.
Source link : https://news.sky.com/story/interest-rate-cut-for-only-second-time-in-more-than-four-years-13249901
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Publish date : 2024-11-07 11:27:00
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Interest rate cut – but budget means inflation will rise, Bank says
