Bank of England's rate hike pause in sight as inflation drops
Edited By WION Video Desk
Published: Sep 21, 2023, 05:45 IST | Updated: Sep 21, 2023, 05:45 IST
August saw an unexpected decline in Britain's high inflation rate, which dropped to 6.7%, its lowest level since February 2022. Investors have begun to speculate on whether the Bank of England will hit the pause button on its historic run of interest rate hikes.
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