Market News
Bank of England set to stay in central bank slow lane and keep rates on hold - REUTERS
- BoE expected to keep Bank Rate at 4.75% on Dec. 19
- Policymakers have signalled they will cut only gradually
- Other central banks seen cutting rates in coming days
- BoE is worried about jobs market, budget impact
LONDON, Dec 11 (Reuters) - The Bank of England looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central banks in Europe and the United States.
The BoE remains on alert about price pressures in Britain's jobs market that have subsided more clearly elsewhere.
The new government's tax and spending plans have only added to the uncertain outlook for inflation.
Investors see only a one-in-10 chance of the BoE cutting its Bank Rate from its current level of 4.75% on Dec. 19.
