1237 GMT - The Bank of England Monetary Policy Committee's unanimous vote in favor of cutting interest rates is a clear sign that central bankers see inflation contained, says Morningstar's Michael Field in a note. "Despite the recent uptick in inflation, central bankers feel that at 2.5%, inflation in the U.K. is broadly under control, despite it resting above the bank's 2% targeted level," the chief European strategist says. Further interest rate cuts over the course of 2025 will lighten the load for consumers and businesses alike, he says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 07:37 ET (12:37 GMT)
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