Too early for Bank to cut interest rates on Thursday, economists predict
by Anna Wise
May 08, 2024
2 minutes
The Bank of England looks set to keep interest rates unchanged for longer as the UK’s policymakers hold out for firmer evidence that inflation is under control.
The central bank’s Monetary Policy Committee (MPC) is widely expected to hold interest rates at 5.25% when it announces its latest decision on Thursday.
It would mean a longer period of higher borrowing costs, which
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