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Reeves inflationary budget puts mockers on Bank Base Rate reduction

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With inflation now running above the 2% target rate at 2.6%, the Bank of England Monetary Policy Committee (MPC), voted by a surprisingly large split of 6 – 3 to hold the Base Rate at 4.75%.

This is counter to the Federal Reserve yesterday announcing a third reduction this year of 0.25% with a range of 4.25% –

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