The Bank of England’s Monetary Policy Committee (MPC), which sets the level of UK interest rates, will announce its latest decision on Tuesday
The Bank of England’s Monetary Policy Committee , which sets the level of UK interest rates, will announce its latest decision on TuesdayBorrowers in the UK may have to wait longer for interests rates to come down, as experts suggest the Bank of England is not ready to reduce rates yet.
Economists are widely expecting the committee to keep rates at the current level of 5.25 per cent, where it has remained since August last year. Philip Shaw, chief economist at Investec, said: “This broad direction illustrates that collectively the committee is moving gradually towards a rate cut. Interest rates are used as a tool to help bring down UK inflation, which has fallen sharply from the highs hit in 2022 when energy costs spiked and the cost-of-living crisis was at its peak.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of England not yet ready to cut UK interest rates, experts sayThe Bank of England’s Monetary Policy Committee, which sets the level of UK interest rates, will announce its latest decision on Thursday.
Read more »
Bank of England not yet ready to cut UK interest rates, experts sayThe Bank of England’s Monetary Policy Committee, which sets the level of UK interest rates, will announce its latest decision on Thursday.
Read more »
Bank of England not yet ready to cut UK interest rates, experts sayThe Bank of England’s Monetary Policy Committee, which sets the level of UK interest rates, will announce its latest decision on Thursday.
Read more »
Bank of England urged to cut interest rates with Northern firms stuck in 'holding pattern'The Bank of England has been urged to cut interest rates to break a “holding pattern” for the economy which has contributed to falls in Northern businesses hiring new workers.
Read more »
Interest rate cuts unlikely before August, economists warnThe Bank of England will reveal this week whether interest rates have stayed the same
Read more »
Interest rates expected to stay high until August, experts warnThe Bank of England will reveal this week whether interest rates have stayed the same
Read more »