Bank of England widely expected to hold interest rates despite big US Fed cut

‘We’re losing life’: Safety of Culebra Road causing concerns with recent vehicle-pedestrian accidentsSan Antonio’s plan to lower CPS Energy rate hikes could be ditched before plan is ever used Most economists think that a majority — potentially a small majority — of the nine-member Monetary Policy Committee, will opt to keep the bank's main interest rate unchanged at 5% amid ongoing concerns about inflation, particularly the elevated levels in the crucial services sector, which accounts for around 80% of the British economy.Figures on Wednesday showed that inflation overall in the U.K.

held steady at an annual rate of 2. Central banks around the world dramatically increased borrowing costs from near zero during the coronavirus pandemic when prices started to shoot up, first as a result of supply chain issues built up and then because of Russia’s full-scale invasion of Ukraine which pushed up energy costs. As inflation rates have fallen from multi-decade highs recently, they have started cutting interest rates.



, cutting its main interest by half of a percentage point to roughly 4.8% from a two-decade high of 5. We have summarized this news so that you can read it quickly.

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