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When will interest rates start to fall?

Inflation is now on a downward trend and interest rates are at, or very close to, a peak. But central banks will only cut interest rates once there are clearer signs that underlying price pressures are under control. That could be as early as later this year in some countries including the US, but stickier wage pressures are likely to mean that rates in the UK and euro-zone only start to fall next year.

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