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Bank of England, India Prepare to Cut Interest Rates

2/3/2025

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Summary

Story summary

The Bank of England intends to reduce interest rates by 0.25% in response to stagnant economic growth.
UK economic growth was flat at 0% from July to September, raising recession fears.
The Reserve Bank of India is poised to lower interest rates for the first time since 2020.
Economists forecast a 25 basis point cut to 6.25% amid easing inflation and mixed economic signals.

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Story summary

The Bank of England intends to reduce interest rates by 0.25% in response to stagnant economic growth.
UK economic growth was flat at 0% from July to September, raising recession fears.
The Reserve Bank of India is poised to lower interest rates for the first time since 2020.
Economists forecast a 25 basis point cut to 6.25% amid easing inflation and mixed economic signals.