Bank of England set to hold interest rates

Bank of England Holds Rates at 3.75% Amid Inflation Concerns

The Bank of England is poised to maintain interest rates at 3.75% during its upcoming meeting, a decision that reflects the cautious stance of policymakers as they navigate the complexities of persistent inflation. This move comes amid a backdrop of mixed economic signals, with inflation slightly rising to 3.4% in December, up from 3.2% in November, and investors pricing in a minimal chance of a… Source

Bank of England set to hold interest rates

The Bank of England is expected to hold interest rates at 3.75 per cent next week as policymakers continue to battle against sticky inflation.  At the monetary policy committee (MPC)’s first meeting of the year, the Bank is expected to suggest it is too early to cut rates due to the lack of available data on disinflation.  Investors in markets consider the probability of a cut to be at around two per cent.  Inflation inched back up in figures pu…