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Seventh consecutive freeze comes despite fall in rate of inflation to 2% target last monthBusiness live – latest updatesThe Bank of England has held interest rates at 5.25% for the seventh consecutive time in what it described as a “finely balanced” decision.Dashing Rishi Sunak’s hopes of a pre-election cut in the cost of borrowing, a majority of the Bank’s monetary policy committee (MPC) said they wanted to see further evidence that price growth would remain subdued. Continue reading…
Seventh consecutive freeze comes despite fall in rate of inflation to 2% target last month
Business live – latest updates
The Bank of England has held interest rates at 5.25% for the seventh consecutive time in what it described as a “finely balanced” decision.
Dashing Rishi Sunak’s hopes of a pre-election cut in the cost of borrowing, a majority of the Bank’s monetary policy committee (MPC) said they wanted to see further evidence that price growth would remain subdued.
