US EditionInterest rate should have been cut, says IPPR
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Interest rate should have been cut, says IPPR
Reacting to today’s decision by the Bank of England’s Monetary Policy Committee to hold interest rates, Carsten Jung, associate director for economic policy at IPPR, said:“The Bank should have continued its rate cutting cycle, by lowering rates by 0.25 today.“This year’s GDP growth has been lower than expected, in large part because interest rates are being kept high for long. Even when considering still elevated inflation, the Bank continues to…
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