The Monetary Policy Committee of the Bank of England has voted to keep interest rates at 5% in a widely expected decision. Sticky inflation and a rise in the core rate yesterday didn’t buoy hopes for another cut…
Breakdown: 8-1 to leave rates on hold. Last month it was 5-4 to cut.
The Bank dropped interest rates for the first time last month after 14 consecutive hikes, while the Fed cut its rate by a whopping half a point this week. No continuation of that doveish mood this time round. The markets only had it at 10% that a surprise cut was on the way…
The Monetary Policy Committee of the Bank of England has voted to cut rates to 5% in a hotly anticipated decision. The markets had it at 65% that rates would go down…
It was a 7-2 split last time to hold at 5.25%. Now it’s 5-4 to cut. Sitting since August last year, they’ll come down from their highest level since 2008 after 14 consecutive hikes. Starmer’s genie strikes again…
The Monetary Policy Committee of the Bank of England has voted to hold interest rates at 5.25%, as expected. Sitting since August last year, they will remain for yet another month at their highest level since 2008, after 14 consecutive hikes. With CPI inflation at the target level of 2% there is now the clearest case for getting rates down…
The split in the vote is still 7-2, which was up from 8-1 two months ago. Now waiting for August…
Political swings coincide with rate reductions. It’ll be too late for Sunak…
Former leader of the SNP in Westminster Ian Blackford told Times Radio why he believes Nicola Sturgeon’s claim that she spent no time in the kitchen and therefore didn’t see any of her husband’s purchases:
“She doesn’t have a passion for cooking.”