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Economic Cooperation Organization: Bank of England Does Not Need to Raise Interest - Stock Exchange
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The Organization for Economic Cooperation and Development (OECD) said today Wednesday that the Bank of England does not need to raise interest rates, although it has warned against rising global price pressures due to the energy crisis. The organization expects to keep the British interest at 3.75 percent over the next year, before reducing it by 25 basis points in the third quarter, contrary to the expectations of tightening policy in other cen…
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