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المشهد العربي
ECO: BoE not required to hike rates
The Organisation for Economic Co-operation and Development (OECD) does not anticipate an urgent need to raise the Bank of England's interest rates in the near future, despite warnings about rising global inflationary pressures due to energy market crises. The organization expects UK interest rates to stabilize around 3.75% over the next year, with a potential for a 25 basis point cut in the third quarter, contrasting with the trend of many other banking institutions that are moving toward tightening monetary policies. The organization’s chief economist pointed out that the British economy differs from others and that the current interest rate is sufficient to contain inflation, which has come in lower than expectations this year.
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