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BOE leaves bank rate unchanged at 5.25% vs 5.50% expected

Prior 5.25%Bank rate vote 4-5 vs 8-1 expected (Bailey, Broadbent, Dhingra, Pill, Ramsden vote to hold)Underlying growth in the 2H 2023 is likely to be weaker than expectedLabour market remains tight by historical standardsCPI inflation is expected to fall significantly further in the near-termMonetary policy will need to be sufficiently restrictive for sufficiently long to return inflation to the 2% target sustainably in the medium-termFurther tightening in monetary policy would be required if t... Read More

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Content Topics

Leaves

Bank

Rate

Unchanged

25

50 Expected

Forex

Posted: Sep 21 2023, 11:00

Author Name: forexlive

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