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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: BoE outlines inflation, growth paths under three economic scenarios after holding rates

Inflation Bank of England Economic Growth United Kingdom

The Bank of England outlined three possible economic scenarios for the UK economy after keeping its benchmark interest rate unchanged at 3.75%. Its central projections point to inflation easing below the 2% target over the medium term while economic growth gradually strengthens, Reuters reported.

According to Reuters, the central bank's Monetary Policy Committee voted 6-3 to leave rates on hold on Thursday, while the forecasts incorporate financial market expectations that imply a high probability of two interest rate hikes by the third quarter of 2027.

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