UK inflation remains nearly double target ahead of expected interest rate hold

Interest rates expected to be held by Bank of England

The Bank rate was cut in August but many analysts do not expect any further reductions this year.

Bank of England poised to hold interest rates at 4%

The latest inflation figures may be "the nail in the coffin" for another interest rate cut any time soon, experts have said.

UK inflation remains nearly double target ahead of expected interest rate hold

Inflation in the U.K. held steady at 3.8% in the year to August, a day before the Bank of England is widely expected to keep interest rates on hold.

Bank of England set to hold interest rates - Property Industry Eye

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Hawks vs Doves: MPC will hold interest rates – but expect dissent

In the last year, the Bank of England has cut interest rates five times on the expectation that price rises were easing in the UK.  When inflation hit a 41-year high of 11.1 per cent in October 2022, policymakers at the Bank warned that its fight to battle inflation was “sacrosanct”.  The relentless spiralling of prices, accompanied by sobering media reports about how the cost of living crisis had left Britons destitute, sharpened minds at Threa…