Crypto EcoBlog
The market expects the UK’s apex bank to hold off on increasing or decreasing interest rates even as economic data is falling. The Bank of England (BoE) is expected to hold UK interest rates on Thursday due to recorded price pressures and a decline in economic activity. At the moment, the market is pricing a 93% chance that the apex bank will not increase or reduce rates. UK inflation came in at 6.7% in September, higher than analysts expected but unchanged from August’s figure. The BoE...
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