Will the UK and US cut interest rates like Europe?
Source: BBC
After pushing borrowing costs sharply higher in recent years to try to quell soaring prices, countries around the world are shifting gear.The European Central Bank (ECB) on Thursday announced its first interest rate cut in five years, dropping its main lending rate from an all-time high of 4% to 3.75%.It came a day after Canada took a similar step and followed a flurry of similar moves in recent months from…
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