Bank of England Maintains 4% Interest Rate Ahead of Budget
TL;DR Summary
The Bank of England has decided to hold interest rates at 4%, citing that inflation has peaked at 3.8%, but remains above the target. The decision was narrowly made, with a close vote, and reflects a cautious approach ahead of the upcoming Budget, with potential rate cuts expected in December depending on economic developments.
Topics:business#bank-of-england#business-and-economics#economic-outlook#inflation#interest-rates#monetary-policy
- Interest rates expected to stay at 4% as Bank of England makes pre-Budget decision BBC
- Bank of England rate cut a close call ahead of the Autumn Budget CNBC
- Bank of England set for tight rates decision as inflation softens and budget looms Reuters
- Daybreak Europe Podcast: BOE Set To Hold Rates Bloomberg.com
- Bank of England keeps key interest rate unchanged at 4% as inflation remains markedly above target The Seattle Times
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