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BoE's Breeden Says Soft Growth Reduces Need for Rate Hikes - ActionForex
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BoE's Breeden Says Soft Growth Reduces Need for Rate Hikes - ActionForex
Bank of England Deputy Governor Sarah Breeden suggested that the recent rebound in oil prices is unlikely to trigger persistent inflation, arguing that the UK’s weak economic backdrop should prevent higher energy costs from feeding into wages and broader price-setting behaviour. Speaking to Bloomberg TV, Breeden acknowledged that renewed fighting between the United States and […] The post BoE’s Breeden Says Soft Growth Reduces Need for Rate Hike…
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