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Ahead of the Bank of England's interest rate decision, the governor downplayed the threat of inflation, stating that the second-degree inflation effect remains "relatively mild."

Ahead of the Bank of England's interest rate decision, the governor downplayed the threat of inflation, stating that the second-degree inflation effect remains "relatively mild."

Bank of England (BOE) Governor Andrew Bailey maintains that the UK has not yet experienced a significant second round of inflation and remains cautious about forward guidance on monetary policy. However, market pricing and internal disagreement both indicate that policy uncertainty is rising ahead of the September 17 interest rate
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