Bank of England's Stable Inflation Prompts Urgent Call for August Rate Cut by Prominent Economist

Wednesday, 17 July 2024, 21:00
The Bank of England has achieved its inflation target for the second consecutive month, signaling a sustained downward trend. Renowned economist MAGGIE PAGANO advocates for an immediate rate cut in August to stimulate economic growth and stability. This move is vital to counter the prolonged economic challenges faced amidst the current market conditions.
Daily Mail
Bank of England's Stable Inflation Prompts Urgent Call for August Rate Cut by Prominent Economist

Bank of England's Inflation Target Met

This marks the second consecutive month of hitting the inflation target.

Downward Trend Continues

The trend has been consistently on the decline over recent months.

Call for Immediate Rate Cut

Renowned economist MAGGIE PAGANO emphasizes the urgent need for a rate cut in August.

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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