The Bank of England is expected to hold interest rates as it waits for more evidence that a fresh bout of inflation risks a damaging wage-price spiral. Economists and investors expect the Monetary Policy Committee to leave the benchmark cost of borrowing at 3.75%, where it’s been since December last year. Matthew Bunny, UK economist at Bloomberg Economics, breaks down the situation. (Source: Bloomberg)
The Bank of England is expected to hold interest rates as it waits for more evidence that a fresh bout of inflation risks a damaging wage-price spiral. Economists and investors expect the Monetary Policy Committee to leave the benchmark cost of borrowing at 3.75%, where it’s been since December last year. Matthew Bunny, UK economist at Bloomberg Economics, breaks down the situation. (Source: Bloomberg)
<iframe src="https://statesidedaily.com/embed/cluster/f5f5280a2754a7a6a8e6aba185dfce8ebf2d619b" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="BOE Expected to Keep Rates Unchanged"></iframe>