Published 11:00 IST, December 21st 2023
Big UK inflation drop strengthens bets on Bank of England cuts early next year
Investors moved to fully price in a BoE rate cut by May 2024 and now see a nearly 50 per cent chance of a cut by March.
![Britain: The Bank of England's stance against market speculation on rate cuts kept its key rate at a 15-year high of 5.25 per cent.](https://img.republicworld.com/tr:w-800,h-450,q-75,f-auto/rimages/Britain-170279649703616_9.webp)
Union Jack | Image:
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16:02 IST, December 20th 2023