MIKE DOLAN: Fiscal trickery puts spin on BOE quantitative tightening goal
Thursday’s meeting will highlight Bank of England’s dance with UK treasury
19 September 2024 - 05:00
London — The Bank of England may sit out this month’s interest rate-cutting bonanza, but Thursday’s meeting will still be meaningful, as it will throw a spotlight on the BOE’s delicate dance with the UK treasury.
The BOE’s hesitation in delivering its second rate cut of the year is partly due to questions about how it will incorporate next month’s budget statement from the new UK Labour government into its thinking on inflation and growth over the next year...
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