Reported 1 day ago
The Bank of England is anticipated to maintain its interest rate at 4% during the upcoming meeting, as inflation remains significantly above the target and a crucial budget presentation is on the horizon. While there's a small chance of an immediate rate cut, market sentiment leans towards a possible rate reduction in December due to recent softer economic data. This pause in policy easing contrasts with the United States, where the Federal Reserve recently opted for a rate cut.
Source: YAHOO