The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain’s looming election preventing a cut, according to analysts. The BoE was widely forecast to keep its cost of borrowing at 5.25 percent, a 16-year high, following a regular monetary policy meeting. … Read more
The Bank of England (BoE) moved closer to cutting interest rates from a 16-year high after a second policymaker voted for lower borrowing costs and Governor Andrew Bailey said he was “optimistic that things are moving in the right direction.” Deputy Governor Dave Ramsden joined external member Swati Dhingra in calling for an immediate cut … Read more
The Bank of England may offer a clearer signal in the coming week on whether it plans to cut interest rates this summer, just as investors bet on a delayed outlook for easing. Ahead of Thursday’s decision, Governor Andrew Bailey has distanced Britain from resurgent consumer price pressures in the US, pointing to “strong evidence” … Read more
