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Evening Standard
Evening Standard
Business
Michael Hunter

Bank of England set to offer clues on interest rate cut timing, but City expects another hold

Bank of England MPC HSBC

Pressure is mounting on the Bank of England for the first interest rate cut of the post-pandemic era.  But City experts are betting that the wait for action in Threadneedle Street will continue this week – at least for now. 

 Millions of mortgage holders, house hunters, borrowers and savers will be watching closely, on Thursday at noon, when the next interest rate announcement is due. 

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