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Recent Weak Data Played Into BOE Decision on Rates

June 2, 2023
in Trade Tube
Reading Time: 1 min read
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The Bank of England just okayed the first interest rate cut in 7 years. This is the first time the bank has cut rates since March 2009. Economists had been calling for the BOE to cut after a string of weak data in services, factor orders and the construction industry. Also, the lingering uncertainty about the impact of ‘Brexit’ may have played into the BOE”s decision as well. Tesla

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