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UK Central Bank

It's expected that the Bank of England will keep its benchmark interest rate steady at 5.25% following its policy meeting on Thursday at 2:00 PM (Kurdish Region time).

Alongside this announcement, the bank will issue the Monetary Policy Minutes and the Monetary Policy Report, followed by a press conference led by Governor Andrew Bailey.

Initially expected to lag behind the Federal Reserve (Fed) and the European Central Bank (ECB) in implementing easing measures, the Bank of England (BoE) now seems ready to start reducing interest rates earlier than previously thought due to increasing disinflationary pressures. Additionally, investors widely predict a reduction in the Bank of England's interest rates, possibly happening in August or September.

Dr. Kamaran Qader Yaqub,
Financial consultant at Investment Spot company.

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