Bank of England expected to pause rate cuts this week

Bank of England likely to hold rates – what are opportunities for investors?

The Bank of England is likely to hold interest rates at 4% this week, ending its pattern of quarterly cuts and signalling a more measured phase in its policy approach, predicts the CEO of deVere Group. The decision will be closely followed by investors in the UK and internationally as markets weigh how long rates will stay on hold. Nigel Green, CEO of deVere Group, says: “We expect the Bank of England to keep rates unchanged this week. Inflation…

Bank of England expected to pause rate cuts this week

THE BANK OF ENGLAND (BoE) is expected to keep interest rates unchanged on Thursday, slowing the pace of its rate cuts for the first time since it began easing policy last year. Some analysts, however, believe a rate reduction could still happen after recent data showed softer inflation and wage growth.The BoE’s most recent rate cut — a quarter-point reduction to 4 per cent in August — was approved by a narrow 5-4 vote after two rounds of deliber…