Bank of England holds interest rates at 4% amid concerns over inflation

UK ‘not out of woods’ on inflation as interest rates held

Bank of England holds main UK interest rate at 4% with inflation above target

The Bank of England has held its main interest rate at 4% as inflation in the U.K. remains almost double its target of 2%. Thursday’s decision was widely anticipated. On Wednesday, figures showed inflation in the U.K. held steady at…

Bank of England Leaves Key Rate on Hold, Slows Quantitative Tightening

The U.K. central bank left rates unchanged as policymakers are growing more worried about a pickup in inflation.

BOE Holds Rates at 4%, Keeps Cautious Stance on Future Cuts

The Bank of England held interest rates at 4% and left the prospect of more cuts later this year in doubt after growing concerns over a resurgence in inflation.

BoE holds interest rates at 4%

The Bank of England (BoE) has voted to hold interest rates steady at 4% amid concerns around the recent rise in inflation. At a meeting this week, the Monetary Policy Committee (MPC) voted by a majority of 7–2 to maintain the rate, as two members voted to reduce it by 0.25 percentage points, to 3.75%. In addition, the committee voted by a majority of 7–2 to reduce the stock of UK government bond purchases held for monetary policy purposes, and f…

Quilter: Interest rate cuts unforthcoming as inflation forces BoE to hold - IFA Magazine

Following the decision by the Bank of England to hold interest rates at 4%, Lindsay James, investment strategist at Quilter, has shared her thoughts. The Bank of England, as was expected, has voted to hold interest rates at 4%. As we approach the Budget in November and economic growth grinds to a halt, this a far from ideal scenario for the Government as it contends with persistently high inflation. In fact, markets are not fully pricing the nex…