Interest rate cut for only second time in more than four years but budget means inflation will rise, Bank says

Sky News // Business

Interest rate cut for only second time in more than four years but budget means inflation will rise, Bank says

Thursday 7th November 2024, 11:27AM

The Bank of England has forecast Rachel Reeves' first budget as chancellor will increase inflation by up to half a percentage point over the next two years, contributing to a slower decline in interest rates than previously thought.

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