Bank suggests cost-of-living measures in Rachel Reeves’s budget likely to pave way for rate cuts in months ahead
Bank of England policymakers have left interest rates on hold at 3.75%, amid concerns about persistent inflation.
The central bank’s nine-member monetary policy committee (MPC) has decided to leave borrowing costs unchanged after cutting rates six times since mid-2024. Its most recent quarter-point reduction, from 4%, was in December.
Continue reading…Bank suggests cost-of-living 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 on hold at 3.75%, amid concerns about persistent inflation.The central bank’s nine-member monetary policy committee (MPC) has decided to leave borrowing costs unchanged after cutting rates six times since mid-2024. Its most recent quarter-point reduction, from 4%, was in December. Continue reading…
