Market News
BOE Set to Hold Rates at 4% as Budget Looms - BLOOMBERG
By Tom Rees
The Bank of England will likely keep interest rates unchanged on Thursday in a closely contested decision that would end a run of quarterly reductions.
Markets and economists expect the UK central bank to hold the benchmark rate at 4%, slowing the gradual once-a-quarter pace to cuts it has maintained since August 2024. It will announce the decision at 12 p.m. in London, followed by a press conference led by Governor Andrew Bailey half an hour later.
