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UK Chancellor Rachel Reeves vowed to smooth the path for further Bank of England interest rate cuts, according to the Financial Times.
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She said her upcoming Budget would focus on curbing inflation and reducing the cost of living.
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Reeves told the FT she is determined to get a grip on borrowing and will include measures to cut household bills, creating room for the BoE to deliver more rate cuts in the coming months.
This article was written by Greg Michalowski at investinglive.com.