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Brief
On November 25, 2024, the Bank of England issued an update regarding "Managing the present, shaping the future - speech by Clare Lombardelli". The update discusses the UK economy's progress on disinflation and the need for careful observation of economic data to gradually reduce policy restriction. It also highlights the Bank's transformation in its approach to monetary policy, with a focus on considering uncertainty and communicating it more clearly through scenarios and other tools.
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