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BOE Governor Pushes Back Against Market Bets on Early Rate Cuts

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(Bloomberg) -- Bank of England Governor Andrew Bailey pushed back against the market bets on interest rates, saying that officials need to carry on fighting inflation for now.

Trader Loses Last Fight to Kick Out $1.

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Traders Boost UK Rate-Cut Bets on Signs BOE Won’t Fight MarketTraders are pricing 75 basis points of UK interest-rate cuts next year for the first time after a key policy maker hinted the Bank of England won’t push back against market pricing.
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