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Huw Pill on Bank Rate in the coming years

BOE

"I do expect interest rates to remain at relatively low levels for the coming years, even as the impact of the Covid-19 pandemic recedes. As macroeconomic circumstances evolve, there may be need to tighten or loosen the stance of monetary policy relative to its current setting. But that adjustment will involve steering Bank rate around a low level of R-star that is likely to continue for some time."

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