Financial institution of England ‘firmly on observe’ to chop rates of interest in March
The possibilities of a lower to UK rates of interest subsequent month have risen, following this morning’s knowledge displaying an increase in unemployment and a slowdown in wage progress.
The Metropolis cash markets now point out there’s a near-75% probability that the Financial institution of England lowers rates of interest to three.5% at its subsequent assembly, in March, up from 69% final night time.
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