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Read More »Like the US Fed, Bank of England is edging toward interest rate cuts — but not quite yet
LONDON (AP) — Just like the U.S. Federal Reserve, the Bank of England is edging toward cutting interest rates — though not quite yet. The United Kingdom’s central bank kept its main interest rate at a near 16-year high of 5.25% on Thursday and indicated that borrowing costs have probably peaked. However, with inflation still too high for comfort, it …
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