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UK Inflation Expected to Peak at 3%, Bank of England's Bailey Speaks at Sintra This Week

GateNews
According to Jin10, on July 1, Bank of England Governor Andrew Bailey is set to speak at Sintra this week as UK inflation outlook improves. Falling global oil prices have eased prior concerns about balancing weak employment with inflation threats. Market forecasts expect inflation to peak at 3% and decline to 2.3% by next year, allowing the central bank to potentially cut rates from 3.75% to 3.5% before June 2027.
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