Bank of England Reconsiders Interest Rate Cut as Inflation Persists at 2%
Wednesday, 19 June 2024, 13:51
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.