Bank of England holds rates steady for seventh month in a row
Share link:In this post: The Bank of England has held interest rates steady at 5.25% for the seventh consecutive month, despite a drop in inflation to the target rate of 2%. Some members of the central bank’s Monetary Policy Committee call for further proof that inflation will remain low, particularly in service sectors where prices are stubborn. Global counterparts like the Federal Reserve also show restraint, signaling minimal rate cuts till the end of 2024.Disclaimer. The information provided is not tra
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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