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The Bank of England is poised to cut interest rates at least twice in 2024, economists polled by The Times have said, as inflation slides to within touching distance of the official 2 per cent target and as economic growth stalls. A majority of the 41 economists who took part in The Times’s seventh annual economists’ survey said that the Bank of England would partly reverse its aggressive tightening of monetary policy amid downtrodden economic growth and weaker price pressures.
