US EditionBank of England set to keep rates on hold as global uncertainty mounts
- The Bank of England is expected to keep interest rates at 4.5% amid global uncertainties, particularly related to US President Donald Trump's tariff policies and upcoming UK tax rises.
- Experts believe the Monetary Policy Committee will adopt a cautious approach while monitoring UK inflation rates, which have recently increased due to energy prices and other factors.
- Analyst Sandra Horsfield described the rise in Consumer Prices Index inflation to 3% in January as presenting challenges for the Monetary Policy Committee.
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Bank of England set to keep rates on hold as global uncertainty mounts
The Bank of England is likely to keep interest rates on hold on Thursday and stick to its mantra of only gradual moves ahead as it grapples with the fallout from U.S. President Donald Trump's trade war and mixed news on Britain's economy.
·United Kingdom
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Total News Sources19
Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 27%
C 55%
R 18%
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