Budget will keep rates higher for longer, says OECD

Quick Summary:

Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.

A big jump in pensioners applying for the means-tested benefit came after ministers limited winter fuel payments.

Currently, it expects that inflation will stand at 2.7% next year, up from the 2.4% previously expected.

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Article Details

Author / Journalist: BBC News

Category: Business

Markets: United Kingdom

Topics: Borrowing Reeves Budget Expected Interest Fall Rates Forecast Inflation Measures

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 11:23:11 (22 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 367 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 24117400

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