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City A.M. • Jun 03, 2025
Bank of England: Battling wage growth and interest rate cuts
The Bank of England acknowledges that sustained increases in wages may hinder efforts to reduce inflation, potentially postponing planned reductions in borrowing costs intended to...
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Financial Times • Jun 03, 2025
UK interest rate cuts hinge on slowing wage growth, Bailey says
The possibility of lowering interest rates in the UK depends on a reduction in wage increases, as the central bank anticipates slower pay growth throughout the year.
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