Bank of England's Taylor Advocates for Rate Cuts to Avoid Economic Downturn

In a significant development within the financial landscape of the United Kingdom, Andrew Taylor, a key official at the Bank of England (BoE), has called for a series of interest rate cuts aimed at averting a possible economic downturn. Taylor's remarks underscore growing concerns that prolonged elevated interest rates could trigger a hard landing for the UK's economy amid an increasingly turbulent global market.

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