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Bank of England officials warn of potential recession risks as inflation remains high and growth slows. Meanwhile, US policymakers expect further rate cuts to support the economy, citing trade tensions and inflation. Asian economies face different challenges, with deflationary pressures and subdued inflation. The global outlook remains uncertain.
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Recent data shows UK inflation steady at 3.8% for September, below expectations, with food prices falling. Japan's inflation stayed at 2.8%, while euro area growth slowed to 0.9%. Central banks face pressure to adjust policies amid persistent price pressures.
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The Bank of England's upcoming rate decision is highly uncertain, with analysts split on whether to cut or hold at 4.0%. Recent data shows inflation easing, but external factors and political signals complicate the decision. The outcome will influence borrowing costs and economic outlook.