Bank of England Likely to Maintain Rates Amid Budget Uncertainty
TL;DR Summary
The Bank of England is expected to hold interest rates at 4% in its upcoming meeting amid high inflation and upcoming UK budget decisions, pausing a rate-cutting trend that has been ongoing since August 2024. While a rate cut is not expected immediately, market expectations for a possible reduction in December have increased, depending on upcoming economic data and the budget's impact. The decision is also influenced by global central bank trends and economic uncertainties.
- BOE Set to Hold Rates as UK Budget Looms Over Decision Yahoo Finance
- Bank of England likely to slow rate-cut cycle this week Reuters
- BOE Expected to Slow Pace of Rate Cuts, But Not End the Sequence The Wall Street Journal
- Bank of England expects closely fought meeting over interest rate cut Financial Times
- Bailey Holds Key to Bank of England Decision as MPC Expected to Hold Bloomberg
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