Bank of England cuts rates but sees higher inflation after Reeves' budget
- The Bank of England cut interest rates to 4.75 percent on November 7, marking the second cut since 2020, with an 8-1 vote
- The BOE predicted that finance minister Rachel Reeves’ budget would boost the economy by about 0.75 percent next year
- Inflation is expected to rise to about 2.5 percent by year-end, with a gradual increase to 2.
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Coverage Details
Total News Sources0
Leaning Left7Leaning Right15Center11Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
46% Right
L 21%
C 33%
R 46%
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