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Bank of England is set to cut interest rates despite potential new inflation worries

  • The Bank of England is expected to cut interest rates to 4.75% this Thursday, despite uncertainty from tax changes and a Donald Trump victory in the US.
  • UK Consumer Prices Index inflation fell to 1.7% in September, the lowest since April 2021, influencing the decision to ease rates.
  • Chris Arcari stated that despite the larger-than-expected rise in net spending from the autumn Budget, the Bank will still reduce rates by 0.25%.
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