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Bank of England to keep rates on hold as investors look for rate cut hints
Britain's central bank looks set to keep interest rates at their highest in nearly 16 years on Thursday, but the prospect that inflation may soon be back at the Bank of England's 2% target will leave investors looking for hints of rate cuts to come. Sharp falls in energy prices since the BoE published its last forecasts on Nov. 2 mean many economists now expect inflation - which was 4% in December - to be on target as soon as April, far earlier than the BoE's forecast of late 2025. The risk of a slow "last mile" for inflation - which peaked at a 41-year high of 11.1% in October 2022 - prompted the BoE to warn last ... (full story)