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Bank of England likely to keep interest rate unchanged as inflation stays stubborn

The post Bank of England likely to keep interest rate unchanged as inflation stays stubborn appeared com. The Bank of England (BoE) will announce its latest policy decision on Thursday, marking its seventh rate meeting of 2025. Most analysts expect the ‘Old Lady’ to hold fire and keep the base rate at 4%, following the cut delivered back on August 7. Once the announcement lands, the bank will publish the meeting Minutes, offering a closer look at the debate behind the decision. The market’s base case is for no change, but a 25-basis-point cut isn’t completely off the table. With the UK economy looking increasingly fragile and the fiscal picture continuing to worsen, there’s still a case for the BoE to ease a little further. Cooling inflation and fiscal woes The Bank of England kept interest rates on hold at 4% in September, after the Monetary Policy Committee voted 7-2 to stay put. Members Swati Dhingra and Adam Taylor backed a 25-basis-point cut, following the quarter-point reduction delivered in August. In its latest statement, the BoE stuck to its forecast that inflation will peak around 4% this month before gradually easing back to the 2% target by mid-2027. On growth, the bank staff expect GDP to rise 0. 4% in the July-to-September quarter, hardly booming, but still avoiding contraction. Fresh data from the Office for National Statistics showed headline CPI inflation rising to 3. 8% in September, while core inflation (excluding food and energy) eased slightly to 3. 5%. Services inflation, often watched closely by the BoE, stayed stubborn at 4. 7%, suggesting that underlying price pressures haven’t fully cooled. Meanwhile, the fiscal picture remains challenging. Chancellor Rachel Reeves warned on Tuesday that broad tax rises could be coming, as she seeks to avoid a return to austerity. She described her upcoming second annual budget as one built on “hard choices”, protecting public services while keeping Britain’s debt in check. With.

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Dogecoin Price: Dogecoin Falls 5% as Lower-Lows Pattern Aids Bearish Outlook

The post Dogecoin Price: Dogecoin Falls 5% as Lower-Lows Pattern Aids Bearish Outlook appeared com. Dogecoin plummets 5 percent in a lower-lows trend, institutional liquidation, and whale dispersion. The technical perspective is still negative, with traders observing major support areas. Dogecoin fell on Tuesday by 5 percent to $0. 16 and cut across significant support bands. The action was during extreme institutional selling and a high volume of trading. Whale distribution exacerbated, with massive $440 million outflows by big holder wallets of the DOGE. The token was trading in a volatile range of $0. 0185, with an overall high selling pressure at 20: 00 GMT. The breakdown was followed by a sharp V-shaped rebound. Price stabilized a little at about $0. 1550, where dip-buying cropped up. The recovery operations were limited up to 0. 1700, which proved resistance along previous support areas. Volume was skewed bearishly, where major exchanges were mostly sold. Whales Fuel the Sell-Off Whales sold over 1 billion Dogecoin coins this week, eliminating approximately 5 billion in market value. Analysts record that large holders have been flattening out postures in an aggressive manner, enhancing the push of the bears. The sell-off is one of the sharpest falls of Dogecoin in years, which brought it to its lowest point since 2020. The mood in the meme coin industry has worsened. The institutional interest has changed to Bitcoin, Ethereum, and other large-cap assets. Analysts caution that the way to $1 is growing more distant, as confidence amongst the top holders is dwindling. Technicals Signal More Pain Ahead Dogecoin is still in a low-highs, low-lows structure, with a more evident bearish trend. The short-term oversold recovery is just remedial but not directional. The momentum oscillators are continuing to be negative at the hourly levels and the RSI at the daily level has not reached the level of sub-40. The traders are paying close attention to its short-term support of the.

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Century Considers Development Fee Increases Up To 900%

The Town of Century is considering the first update to their permit fees schedule in 11 years, with proposed fees increasing from 100% to 900%. The town’s current plans review fee schedule, adopted in 2014, sets rates for planning actions such as development certificates, sign review, and comprehensive plan amendments. The town currently contracts with the [.].

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South Carolina man arrested after threatening pro-life group with grenade

A man has been arrested in South Carolina after threatening a group of pro-life activists with a deactivated grenade. Key Takeaways: * Pro-lifers from the group Survivors of the Abortion Holocaust were threatened with a grenade while protesting outside a church Sunday morning. * Police later determined the grenade was hollowed out. * The pro-life group was protesting the church’s involvement with pro-abortion organizations. The Details: Richard Lovelace, 79, a retired lawyer, faces charges after allegedly harassing pro-lifers from the group Survivors of the Abortion Holocaust, whose members were gathered outside St. Anne’s Episcopal Church in Conway, South Carolina. Police.

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