REPOST the earlier Price Action analysis. + the chart. Posted on 17th December ,2023
DislikedGU Technical Outlook on Price Action NOTES : The Bank's Monetary Policy Committee (MPC) voted in favour of keeping the rate steady, with six members of the nine-strong committee were in favour of maintaining, and three calling for a further increase of 0.25 percent.
Point: Holding rates steady might be tempting now, but delaying cuts for too long could be counterproductive.
The Risk of Delay: Leaving rates high for too long can:
Stifle economic growth:
Higher borrowing costs discourage businesses and individuals from spending and investing, slowing...Ignored
I come from the future.
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