Despite the decision to hold at 4.5%, businesses and households can take a confident view of the UK’s prospects
Bank of England says companies freezing hiring plans as it keeps interest rates on holdBusiness live – latest updates
Bank of England policymakers might be on a “go-slow” as they look forward to interest rate cuts this year, but the direction of travel is almost certain.
After a meeting on Thursday when interest rates were kept on hold at 4.5%, City investors bet there would be more reductions in the cost of borrowing this year, most likely two cuts reducing the rate to 4%.
Continue reading…
Source link : https://www.theguardian.com/business/2025/mar/20/bank-of-england-no-hurry-interest-rates-cuts
Author : Phillip Inman
Publish date : 2025-03-20 15:28:00
Copyright for syndicated content belongs to the linked Source.
