The Bank of England cut its interest rate by 25 basis points to 4.5%, with plans for further cuts as it downgraded the UK’s growth forecast for 2025. Governor Andrew Bailey stated that more rate cuts are expected, citing uncertainty in the economy. Weak growth data and lower-than-expected inflation led to the decision, with the central bank halving its growth forecast and emphasizing a cautious approach to monetary policy adjustments.
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UPAC had unusual strategy when searching party's offices, court told
One of the investigators involved in the search warrants at Union Montréal's offices had a unique task during the probe of Frank Zampino, the former head of the city's executive committee. The investigator was assigned to search for a specific document related to a real estate project linked to Zampino, which was crucial to the case. This unusual assignment added an intriguing twist to the investigation into Zampino's alleged misconduct. Full Article
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