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TechFlow news, on August 1, according to Jinshi Data, the Bank of England cut interest rates by 25 basis points to 5.00%, in line with market expectations, marking the first rate cut since March 2020. Governor Bailey stated that the Monetary Policy Committee will proceed cautiously, ensuring inflation remains low, and emphasized that rate cuts must be handled carefully to avoid moving too fast or cutting too much.
According to Jinshi Data, the Bank of England cut interest rates by 25 basis points to 5.00%, in line with market expectations, marking its first rate reduction since March 2020. Governor Bailey stated that the Monetary Policy Committee will proceed cautiously, ensuring inflation remains low, and emphasized that rate cuts must be handled carefully to avoid being too fast or excessive.
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