Hold interest rates despite inflation risk, Shadow MPC tells Bank of England

Bank of England set to keep interest rates on hold despite rising inflation

Most economists think the Bank’s Monetary Policy Committee (MPC) will opt to keep interest rates unchanged at its next meeting on Thursday.

Energy Shock Puts Bank of England Under Pressure to Raise Rates

The Bank of England is facing mounting pressure to raise interest rates on Thursday amid a global bond market rout fuelled by concerns over runaway government borrowing and sticky inflation. Investors told Threadneedle Street it was “essential” to rein in prices before the energy shock triggered by the Iran war spreads through the economy and that failing to do so would risk the Bank “losing credibility”. Government bonds across the developed wo…

Hold interest rates despite inflation risk, Shadow MPC tells Bank of England

The Bank of England has been urged to hold interest rates even as inflation is set to peak higher than previously expected due to the continuation of the Iran war, City AM’s Shadow Monetary Policy Committee has said.  The Bank should leave interest rates unchanged at 3.75 per cent, according to most top economists in [...]