Bank Of England May Leave Rates At 15-Year High
- The Bank of England is likely to keep interest rates unchanged after previous hikes, as it observes the impact on the economy.
- BoE Governor Andrew Bailey has acknowledged that rate hikes are negatively affecting the economy.
- The high level of inflation, at 6.7%, remains well above the BoE's 2% target, and the central bank is determined to address this risk.
17 Articles
17 Articles
Bank of England keeps main UK interest rate unchanged at 15-year high of 5.25%
LONDON (AP) — The Bank of England has kept its main interest rate unchanged at the 15-year high of 5.25%, as inflation across the U.K. is expected to fall further over the coming months.
Bank of England leaves interest rates on hold
Higher for longer interest rates will bring growth to a near standstill until the end of 2025, new forecasts from the Bank of England show, as it left interest rates on hold for the second time in a row. The decision to hold, which was backed by six members of the nine-strong Monetary Policy Committee (MPC) means that the Bank rate remains at 5.25 per cent. Three members preferred a 25 basis point rate rise. With inflation expected to remain a…
Bank of England keeps main UK interest rate unchanged at a 15-year high of 5.25%
LONDON (AP) — Bank of England keeps main UK interest rate unchanged at a 15-year high of 5.25%. Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. The post Bank of England keeps main UK interest rate unchanged at a 15-year high of 5.25% appeared first on KOB.com.
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