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Bank of England holds interest rates steady after August cut

  • The Bank of England has decided to keep interest rates steady after an initial cut in August, despite the U.S. Federal Reserve's significant rate cut.
  • Allan Monks from JP Morgan and Frederik Ducrozet from Pictet Wealth Management remarked that the Federal Reserve's actions won't directly influence the Bank of England's decisions.
  • The decision was confirmed by the Bank of England and is seen as a cautious move amidst wider economic changes.
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  • 39% of the sources lean Left, 39% of the sources lean Right
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EuropeEurope
BusinessBusiness
European EconomyEuropean Economy
Bank of EnglandBank of England
UK PoliticsUK Politics
EconomyEconomy
European PoliticsEuropean Politics
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