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World

Inflation is down again – but don’t expect interest rates to follow suit

17 April 2024

7:14 PM

17 April 2024

7:14 PM

Interest rate cuts are beginning to look like a mirage: the closer we seem to get to them the more they seem to recede into the distance. Bank of England governor Andrew Bailey may have hinted this week that UK rates could soon be cut regardless of what happens in the United States, where strong jobs data is putting off the Federal Reserve from cutting rates, but this morning’s inflation data will not encourage an early cut.

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