Bank of England expected to hold interest rates

Published On Dec 18, 2024, 7:06 PM

The Bank of England is expected to maintain its interest rate at 4.75% during an upcoming meeting. This decision comes as inflation has recently risen, indicating ongoing economic pressures. Analysts believe that due to these inflationary trends, interest rates will likely hold steady for a longer period than previously anticipated. The consensus is that a cut in rates is improbable in the near future, especially with rising domestic prices affecting the economy.