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March 20, 2020

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British public unprepared for BoE rate cut

Market NewsBy Samuel ObayomiMarch 20, 2020

Monetary policy is one of the main drivers of Britain’s economy. BoE has made two emergency cuts to interest rates, taking the official cost of borrowing down to 0.1% from 0.75%. These led to Public expectations for decreasing inflation over the next year and next five years. Reuters  

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