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05.02.26 - 18:06
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Bank of England keeps interest rates at 3.75% as inflation concerns persist (The Guardian)
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Bank indicates anti-inflation measures in Rachel Reeves's budget likely to pave way for rate cuts in months aheadBusiness live – latest updatesUK inflation rises for first time in five months to 3.4% in DecemberBank of England policymakers have left interest rates unchanged at 3.75%, but indicated that lower inflation as a result of cost-of-living measures in Rachel Reeves's budget should pave the way for cuts in the months ahead.The nine-member monetary policy committee (MPC) voted to leave borrowing costs on hold, despite forecasting weaker growth and lower inflation than at its last quarterly forecast in November. Continue reading......
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