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BOE Sees 600,000 U.K. Job Losses as Price for Taming Inflation

  • Deep economic shock forecast if BOE follows market rates path
  • Holding rates at 1% would soften the blow, BOE scenarios show
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BOE's Bailey Sees Income Squeeze Slowing U.K. Economy
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Two years of economic stagnation and almost 600,000 job losses are the price of taming U.K. inflation, estimates from the Bank of England indicate.