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Interest rate cut: what will it mean for the UK economy?
Consumers, homeowners and businesses are braced for the first interest rate cut in more than seven years next week. The Bank of England governor, Mark Carney, is expected to announce on Thursday that the cost of borrowing has been reduced from its current record low of 0.5% to 0.25%. Carney and his fellow members of the monetary policy committee (MPC) sat on their hands in the immediate aftermath of the Brexit vote, but there is clear anticipation that they will act decisively this time. All but three of 49 economists polled by Reuters forecast a cut to 0.25% or even lower. The MPC’s decision will be influenced by ... (full story)
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My comments are not to be taken as trading advice, not a financial advisor
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scale in, scale out
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