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Deutsche Bank: Bank of England does not need to accelerate rate cuts
Summary: According to Deutsche Bank economist Sanjay Raja, despite loosening in the UK labor market, the Bank of England still needs to exercise caution in maintaining loose policies. Data on Thursday showed a decrease in job vacancies, an increase in unemployment rates, and a slowdown in wage growth in the UK. Raja believes that the unemployment ...
According to Deutsche Bank economist Sanjay Raja, despite loosening in the UK labor market, the Bank of England still needs to exercise caution in maintaining loose policies. Data on Thursday showed a decrease in job vacancies, an increase in unemployment rates, and a slowdown in wage growth in the UK. Raja believes that the unemployment rate will continue to slowly rise, allowing the Bank of England to continue cutting rates, but in a cautious and gradual manner. 'We believe that the current conditions do not warrant an acceleration in the pace of rate cuts.'
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Link: Deutsche Bank: Bank of England does not need to accelerate rate cuts [Copy]
