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Deutsche Bank now sees the Bank of England keeping rates unchanged at 5.25%

Deutsche Bank now sees the Bank of England keeping rates unchanged at 5.25% on Thursday. They previously saw an increase of 25 basis points. The UK's inflation rate unexpectedly slowed, leading to speculation that the Bank of England (BoE) might pause its interest rate hikes when they meet on Thursday. August's consumer price index dropped slightly to 6.7% versus 6.8% last month and 7.0% expectations. Factors like reduced hotel prices and airfares contributed to the slowdown, but were offset by... Read More

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Posted: Sep 20 2023, 15:11

Author Name: forexlive

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