Bank of England Expected to Hold Interest Rates Steady Amid Economic Slowdown
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Analysts believe Bank of England will leave interest rates unchanged due to economic slowdown and uncertainty.
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Inflation remains high at 6.7% but fall in consumer confidence and retail sales point to cooling economy.
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Bank Governor Bailey previously voted to end rate rises, hinting pressure is off for now.
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Wage growth figures may be taken with skepticism due to new ONS methods.
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Some analysts warn high interest rates could cause widespread harm, with "whiff of 2008" in rate crackdowns.