Analysis: Interest rate held at 5.25% for third time by Bank of England

The Bank of England has left interest rates on hold for the third successive meeting, insisting that it is determined to keep borrowing costs at their 5.25% level for some time.

Unlike the Federal Reserve, which dropped heavy hints at its latest meeting yesterday that it is preparing for multiple cuts in US interest rates next year, its British counterpart indicated that that moment is not yet close in the UK.

Sky’s Ed Conway has this analysis.

Read more: https://news.sky.com/story/interest-rate-held-at-5-25-for-third-time-by-bank-of-england-13030089

#interestrates #economy #bankofengland

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