The Bank of England today signalled that further rate cuts are still a possibility this year and nex...
The Bank of England today signalled that further rate cuts are still a possibility this year and next, when it presented its latest quarterly update suggesting inflation will head below its 2.5% target by later this year or early next year. The Bank's hand was stayed from any cut earlier this month by the steep fall in the pound against the euro, which muddied the waters in terms of inflationary effects – a weak pound is good for exports from the struggling UK manufacturing industry, but it pushes up prices of imported goods and services. However, by signalling the forecast fa...
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