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The Independent UK
The Independent UK
National
Pan Pylas

Bank of England is set to cut interest rates despite potential new inflation worries

Britain Economy - (Copyright 2022 The Associated Press. All rights reserved)

The Bank of England is set to cut interest rates later Thursday for the second time in three months, as inflation has fallen to its lowest level in more than three years.

However, economists warn that worries about the future path of prices following last week's tax-raising budget from the new Labour government and the economic impact of U.S. President-elect Donald Trump may limit the number of cuts next year.

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