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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Institution: The Bank of England may be reluctant to hint at future interest rate cuts.
Jin10 data August 4 news, XTB analyst Kathleen Brooks stated in a report that the Bank of England may not hint at a future interest rate drop in Thursday's rate decision. The UK's inflation rate is 3.6%, still above the 2% target, which reduces the likelihood of a further rapid drop in interest rates after a cut this week. LSEG data shows that the market is pricing in another potential interest rate cut by the Bank of England by the end of 2025.