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#interest

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Andrew Bailey (BoE Governor) said to the Times (reported by the BBC) that 'some people say to me 'why are you cutting when inflation's above target?"... who are these 'people'? they won't be anyone struggling to pay their mortgage, that's for sure.

He also continues to focus on wages as a key 'inflationary pressure' when its clare to others that most the UK's inflation 'problem' such as it is, is cause by costs (on energy & imports).

So don't expect lower interest rates soon!

#Interest Rates