Interest rate cut - but budget means inflation will rise, Bank of England says
November 7, 2024
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2:30Now PlayingInterest rate cut - but budget means inflation will rise, Bank of England says
YouTube Description
as posted by the channelThe 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.
It comes as the Bank cut its interest rate to 4.75%
#inflation #economy #politics
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