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Why the Bank of England is holding rates despite a weakening economy | Phillip Inman

05.02.2026 15:18 | The Guardian World

Rising unemployment and falling inflation made a strong case for a cut but Andrew Bailey opted to wait and seeBank of England keeps interest rates on holdBusiness live – latest updatesWhen unemployment is rising and inflation falling, the Bank of England would, under normal circumstances, cut the cost of borrowing.Add to the mix a faltering economy and the public might reasonably expect a reduction in interest rates to lift their spirits. Continue reading...

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