Bank of England expected to pause rate cuts despite contracting output
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Euronews.com
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The Bank of England is expected to maintain interest rates at 4.5% amid weak economic growth and persistent inflation. Recent data shows a 0.1% contraction in the UK economy in January, primarily due to reduced manufacturing output. Inflation is approaching the BoE's 2% target but remains stubbornly high. Chief UK economist Marion Amiot suggests potential future rate cuts but emphasizes current economic weaknesses and trade uncertainties. Teljes cikk (Euronews.com)