Bank of England holds interest rates amid market uncertainty
The central bank followed the Federal Reserve in remaining cautious as Trump threatens global tariffs
The central bank followed the Federal Reserve in remaining cautious as Trump threatens global tariffs
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The Consumer Price Index rose yet again in November as fuel costs increased, making an interest rate cut unlikely
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The Monetary Policy Committee voted 8-1 in favour of a 25 basis-point cut to 4.75%
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Conditions appear ‘ripe for another rate cut’, according to industry commentators
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The Bank of England held interest rates after an uptick in inflation in August
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Headline inflation may seem rosier, but August dealt ‘another headache’ for the BoE as inflationary pressures mount
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MPC voted 5-4 in favour of a 25bps cut
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Predictions come ahead of tomorrow’s (9 May’s) Monetary Policy Committee meeting
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Eight of the nine MPC members voted to pause, while one favoured a 25bps cut
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Inflation remains stickier than expected across the US, the UK and Europe
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Markets are still expecting the Bank to strike a more dovish tone in 2024
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UK CPI is ‘trapped between the push and pull of prices at the pump and those on supermarket shelves’, warn experts
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