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in Economy

UK economy’s disappointing November growth fuels the case for Bank of England rate cut

by Editor January 16, 2025, 12:03 pm 159 Views

UK economy's disappointing November growth fuels the case for Bank of England rate cut

The Royal Exchange and the Bank of England.

SOPA Images / Contributor / Getty Images

The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics (ONS) showed Thursday, with the reading fueling expectations that the Bank of England will proceed with an interest rate cut next month.

The latest data print compares with the 0.2% month-on-month growth expected by economists polled by Reuters.

Monthly…

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Posted by Editor

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