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The UK government, under Chancellor Reeves, is expected to announce up to £40bn in tax hikes and spending cuts in the budget. Meanwhile, BSP, the central bank of Bangladesh, cut key policy rates again, hinting at further easing by December. Economists like Jean suggest inflation has 'sealed the deal' for a 50 bps rate cut. Interest rate cuts in the past few days signal the return of easy money policies, which may also fuel inflation.

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