Bank of England keeps interest rates at 3.75% as inflation concerns persist
Bank indicates anti-inflation measures in Rachel Reeves’s budget likely to pave way for rate cuts in months aheadBusiness live – latest updatesUK inflation rises for first time in five months to 3.4% in DecemberBank of England policymakers have left interest rates unchanged at 3.75%, but indicated that lower inflation as a result of cost-of-living measures in Rachel Reeves’s budget should pave the way for cuts in the months ahead.The nine-member monetary policy committee (MPC) voted to leave borrowing costs on hold, despite forecasting weaker growth and lower inflation than at its last quarterly forecast in November. Continue reading...
Bank indicates anti-inflation measures in Rachel Reeves’s budget likely to pave way for rate cuts in months ahead
Bank of England policymakers have left interest rates unchanged at 3.75%, but indicated that lower inflation as a result of cost-of-living measures in Rachel Reeves’s budget should pave the way for cuts in the months ahead.
The nine-member monetary policy committee (MPC) voted to leave borrowing costs on hold, despite forecasting weaker growth and lower inflation than at its last quarterly forecast in November. Continue reading...
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