Bank of England in no hurry on interest rates, but cuts will come
Despite the decision to hold at 4.5%, businesses and households can take a confident view of the UK’s prospects
- Bank of England says companies freezing hiring plans as it keeps interest rates on hold
- Business live – latest updates
Bank of England policymakers might be on a “go-slow” as they look forward to interest rate cuts this year, but the direction of travel is almost certain.
After a meeting on Thursday when interest rates were kept on hold at 4.5%, City investors bet there would be more reductions in the cost of borrowing this year, most likely two cuts reducing the rate to 4%. Continue reading...
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