Bank of England Reconsiders Interest Rate Cut as Inflation Persists at 2%

Wednesday, 19 June 2024, 13:51

The prospect of a Bank of England summer interest rate cut is wavering due to persistent high services growth, which is impeding Britain's battle against inflation. Despite the easing to 2%, the likelihood of a rate cut now seems less plausible, casting doubts on the economic outlook.
Daily Mail
Bank of England Reconsiders Interest Rate Cut as Inflation Persists at 2%

Bank of England's Interest Rate Dilemma

The Bank of England's initial plans for a summer rate cut might face a setback.

Services Growth and Inflation Struggle

The persistent rise in services growth poses a challenge to combat inflation.

Key Point: Inflation remains at 2%, hindering the expected rate cut.

  • Rate cut may not materialize
  • Services sector growth causes concern

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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