Goldman Sachs expects the Bank of England to cut interest rates next week, forecasting a 6–3 vote in favour of easing policy.
Goldman Sachs expects the Bank of England to cut interest rates next week, forecasting a 6–3 vote in favour of easing policy.
The Bank of England has voted to leave interest rates unchanged at 4%, as policymakers balance persistent inflation risks against signs of slowing growth.
The Bank of England is widely expected to leave interest rates unchanged at 4% when its decision is announced at midday. A surprise move would deliver a major shock to
Hopes of an immediate interest rate cut by the Bank of England have all but evaporated after UK inflation held stubbornly above target in August.
Mortgage brokers have warned that borrowers will have to “slog it out” for longer, as stubborn inflation looks set to keep interest rates on hold.
The Bank of England rate-setter is urging calm over inflation concerns while pushing again for lower interest rates.
Traders Scale Back Rate Cut Expectations as UK Inflation Surges
A senior policymaker has disclosed that the Bank of England is closely monitoring for warning signs that the U.S. dollar could lose its status as the global reserve currency.
Traders are holding firm on their expectations that the Bank of England will cut interest rates next month.
MPs have expressed concerns that the Bank of England’s proposal to launch a digital pound might heighten the likelihood of bank runs.