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Cooling UK inflation fuels expectations of March interest rate cut

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The UK's annual rate of consumer price inflation is standing at 3.8%, nearly double the bank’s 2% target.

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With inflation subdued and growth steady, the ECB maintained rates at their lowest level in more than two years, matching market expectations.

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Bank of England holds key rate at 4% with inflation above target

The decision comes as no surprise as inflation in the UK remains stubbornly high, almost double the central bank's 2% target.

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Euro holds at 4-year highs, European equities soar on Fed's dovish cut

European stocks rallied on Thursday after the Fed cut rates to 4.00%–4.25% and signalled more easing. Markets cheered the dovish tone, boosting equities across the eurozone, with tech and bank shares leading the gains.

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Federal Reserve cuts key interest rate for the first time this year

Fed officials, in a set of projections also released on Wednesday, signalled that they expect to reduce their key rate twice more this year, but just once in 2026.

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UK inflation remains nearly double the target before BOE rate decision

Stubbornly high inflation has been one of the reasons why the Labour government's poll ratings have fallen sharply since it came to power in July 2024.

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