Bank of England Keeps Interest Rates at 5.25% mdi-fullscreen

The Monetary Policy Committee of the Bank of England has voted 6-3 to hold interest rates at 5.25%. They will remain at their highest level since 2008 after 14 consecutive hikes. As expected – the market had this outcome at 93%…

The Institute of Economic Affairs’ own Shadow Monetary Policy Committee is warning of an undershoot on inflation and wants rates cut to 5% – they say that keeping the ratchet up on rates will increase the risk of deflation and an economic slowdown. A crash in mortgage lending and spiralling insolvencies do not a healthy economy make…

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mdi-timer November 2 2023 @ 12:02 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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