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Bank of England Launches Severance Scheme Amid Inflation Revisions

12/8/2025

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Summary

Story summary

The Bank of England, the central bank of the United Kingdom, is implementing a voluntary severance scheme after reviewing its inflation forecasting.
The voluntary scheme runs until mid-January, with departures by March.
The Bank aims to transform operations and improve forecasting after the inflation crisis.
The upcoming monetary policy meeting is expected to see the Bank cut the policy rate from 4% to 3.75%, after a 5.25% peak last year.

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Story summary

The Bank of England, the central bank of the United Kingdom, is implementing a voluntary severance scheme after reviewing its inflation forecasting.
The voluntary scheme runs until mid-January, with departures by March.
The Bank aims to transform operations and improve forecasting after the inflation crisis.
The upcoming monetary policy meeting is expected to see the Bank cut the policy rate from 4% to 3.75%, after a 5.25% peak last year.