Bank of England gives hawkish warning as it cuts rates to 4.5%
The bank warned that inflation will rise “quite sharply” to peak at 3.7% later this year, up from 2.8% in the last forecast.
![Bank of England gives hawkish warning as it cuts rates to 4.5%](https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2186764662-e1738844407995.jpg?w=2048#)
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