Interest rate cut unlikely for ‘a long while’
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Julian Jessop quoted in The Express
“Silvana Tenreyro is right to warn that the full impact of last year’s increases in interest rates have yet to be felt and that a rapid fall in inflation could open the door for cuts.
“Indeed, the markets are already speculating about when the first cut might come.
“But with inflation still way above target, and interest rates only just back at more normal levels, this seems premature. It will probably be a long while before a majority of the Monetary Policy Committee is ready to cut rates again.”
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