Bank of England holds rate but eyes cuts ahead despite global risks
The Bank of England has signalled a weakening labour market could yet trump rising global challenges to allow for more interest rate cuts in the near term.
The Bank of England has held interest rates at 3.75% but signalled that further cuts are now "likely" later in the year as inflation falls back to the Bank's 2% target faster than expected....
The Bank of England's decision to hold interest rates was short on action but strong on signals that a rate cut this spring is now more likely than not.
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