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Bank of England Urged to Cut Interest Rates as Recession Looms /
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2024-05-30 07:02:48

Bank of England Urged to Cut Interest Rates as Recession Looms on Nostr: Bank of England and RBI May Cut Interest Rates in August, Following US Federal ...

Bank of England and RBI May Cut Interest Rates in August, Following US Federal Reserve
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Bank of England and RBI may cut interest rates in August, following US Federal Reserve. UK economy recovering from pandemic, with lower inflation and rising wages. Bank of England aims to strike balance between inflation and growth. Goldman Sachs and BNP Paribas predict rate cuts in August. Laura Foll warns against following Federal Reserve. Bank of England chief economist warns against being 'seduced' by declining inflation. RBI may cut rates if US Fed does so in July. Decision depends on US Fed and Indian government plans. India's GDP growth could slow to 6.5-7% in FY25. #InterestRates #Economy #Inflation...

#newstr #BankOfEngland #Rbi #InterestRates #UkEconomy #UsFederalReserve #GdpGrowth

https://here.news/story/79a8b667?ver=0.18
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