The Bank of England is expected to maintain interest rates at a 16-year high of 5.25% Thursday, but a cut wouldn't be a huge surprise as inflation falls from multi-decade highs.
LONDON (AP) — The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target.
The Bank of England has kept its main U.K. interest rate at a 16-year high of 5.25% with several policymakers still worrying about some key inflation measures.
The Bank of England on Thursday announced a widely-expected hold on interest rates as it said restrictive monetary policy was taming inflation, but warned a June rate cut was not a done deal.
LONDON (AP) — The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
Bank of England set to hold rate at 16-year high | Since Then