UK Inflation Drops To 2% Fuelling BoE Rate Cut Speculation, Impact On Crypto?

The United Kingdom’s inflation rate has finally aligned with the Bank of England’s (BoE) long-term target of 2% for the first time in nearly three years. As the UK inflation dropped, speculations swirled around potential rate cuts by the Bank of England this year. Moreover, in case of a rate cut, crypto adoption in the UK might soar, potentially driving up the prices.

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