Bank of England governor holds key to 'likely' rate cuts ahead
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.
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 voted to leave interest rates on hold at 4%, but a knife-edge split on its Monetary Policy Committee suggests a cut may be coming very soon.
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