US EditionBank 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 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 This material may not be published, broadcast, rewritten or redistributed without permission.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.
Interest rates LIVE: Bank of England predicted to hold base rate again at 5.25%
The Bank of England base rate, which influences the interest rates offered by banks and lenders, is currently at 5.25% after the Monetary Policy Committee kept it unchanged in September
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