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Here Is Why the Bank of England Kept Interest Rates Steady After Reducing Them in August

May 27, 2023
in Trade Tube
Reading Time: 1 min read
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The Bank of England left benchmark interest rates unchanged Thursday, after cutting them in August, paving the way for the Federal Reserve to do the same thing next week when it holds its September meeting. ‘The Bank of England really didn’t shift its view from August,’ said Simon Smith, chief economist at FxPro in London, adding that he doesn’t see the Fed raising rates next week.

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