How likely is a cut in interest rates?

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The Bank of England has signalled fresh hope for the UK economy, as it forecast that inflation could be down to 2% within months.

The governor, Andrew Bailey, said things were moving in the right direction as interest rates were held at 5.25%, leading to speculation that they may be cut sooner than was first expected.

Sky's Economics Editor Ed Conway has more detail.

#BankOfEngland #Economy #InterestRates #Business #Markets #Live

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