Inflation rates live: Bank of England expected to hold interest rates at 4.75 per cent
Bank of England expected to hold interest rates at 4.75 per cent - The Office for National Statistics revealed that inflation had risen to 2.6 per cent from 2.3 per cent, pushed higher by pricier petr
BoE Holds Interest Rate After Inflation Rise
The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US Federal Reserve, as UK inflation rises again.
ABC News7d
UK inflation increase solidifies expectations interest rates will be kept on hold
The increase, which took inflation further away from the Bank of England's target of 2%, was in line with market expectations. This is the biggest increase since March, leading economists to rule ...
Bank of England holds interest rates steady as inflation pressures persist
The Bank of England (BOE) ended its final meeting of 2024 with a decision to hold interest rates steady at 4.75%. The move came as UK inflation rose to an eight-month high of 2.6% in November, up from 1.
What does rising inflation mean for you - and has it killed off a Bank of England interest rate cut?
Inflation in the UK climbed to 2.6 per cent in November, it was revealed today, as the rise in the cost of living accelerated again.
Bank of England Won’t Let Data ‘Noise’ Knock It From Easing Path
For most of the UK’s inflation shock over the past two years, Bank of England policy reacted to swings in wage and prices data. Now it’s leaning much more prominently on its own forecasts.
NBC Los Angeles6d
Bank of England holds rates but vote split surprises markets
Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage growth.
Bank of England more split than expected over December rate decision
Bank of England policymakers voted 6-3 to keep interest rates on hold on Thursday, a bigger split than economists had predicted as officials disagreed over how to respond to a slowing economy that remains beset by inflation pressures.
Bank of England warns of 'heightened uncertainty' as it keeps interest rates on hold
LONDON (AP) — The U.K.’s central bank warned Thursday of “heightened uncertainty" as it kept interest rates on hold after inflation moved further above target, even at a time when the British economy is flatlining at best.
Bank of England expected to hold interest rates
The Bank of England is expected to hold interest rates at a meeting later today. Most analysts predict the benchmark rate will stay at its current level of 4.75% when the decision is announced at 12:00 GMT. It comes as inflation rose for the second month in a row to 2.6% in the year to November - pushing it further above the Bank's target of 2%.
Bank of England to keep rates steady as price pressures linger
The Bank of England looks set to hold interest rates at 4.75% on Thursday, despite signs of a slowing economy, as persistent inflation pressures limit it to a "gradual" approach towards cutting borrowing costs.
UK inflation increase solidifies expectations interest rates will be kept on hold
Inflation in the U.K. has risen to its highest level since March. It's being driven by an increase in fuel prices last month.