US EditionInterest rate decision on knife edge - with bills to increase again if Bank of England opts for rise
- The Bank of England's decision to increase or hold interest rates is uncertain, with a 46% chance of a hike and a 54% chance of rates remaining the same.
- The recent inflation data, which showed lower-than-expected price rises, caused a shift in market expectations and raised doubts about further rate increases.
- A potential rate increase would lead to higher mortgage bills, with fixed-rate deals increasing by an average of £388 and tracker mortgages by £566.35.
14 Articles
14 Articles
Bank of England holds main interest rate steady after nearly two years of hikes in wake of surprise fall in inflation
LONDON (AP) — Bank of England holds main interest rate steady after nearly two years of hikes in wake of surprise fall in inflation. 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 This material may not be published, broadcast, rewritten or redistributed without permission.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 holds main interest rate steady after nearly two years of hikes in wake of surprise fall in inflation appeared first on KOB.com.
Bank of England interest rate decision on knife edge after inflation fall
Markets revise forecasts, raising chance interest rates may be kept on hold for first time in two yearsThe Bank of England is facing a knife-edge decision on interest rates after an unexpected fall in UK inflation last month, as financial markets bet the central bank could leave borrowing costs unchanged for the first time in almost two years.In a crunch week for the economy, the August figures from the Office for National Statistics (ONS) on We…
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