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Evening Standard
Evening Standard
World
Nicholas Cecil

Interest rate cut likely to be delayed by Bank of England, says former Chancellor Lord Hammond

Hammond Bank of England MPC Inflation Monetary Policy Committee James Smith Rachel Reeves ENT Monetary Policy The Bank of England

The Bank of England is likely to delay a cut in interest rates, says former Chancellor Lord Hammond.

The Tory peer believes members of the bank’s Monetary Policy Committee (MPC) will be concerned about pay rises well above its two per cent inflation target.

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