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Flatlining: England’s Interest Rate

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Trader’s remarks: The Bank of England will probably draw on lessons learned from the Scottish referendum and the global financial crisis as it steps up its preparations for a possible decision by Britain to leave the EU on 23 June. A key decision would be whether to raise interest rates to prevent a falling pound leading to higher inflation, or whether to ease policy – either through a cut in the cost of borrowing or through an expansion of the Bank’s £375bn quantitative easing programme – to support growth.

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