"The Bank of England will hold its first vote on interest rates of 2026 on Thursday, with a hold widely expected following December's rate cut to 3.75 per cent. December's cut marked a fourth lowering in 2025, as the Monetary Policy Committee (MPC) opted for a slow and cautious approach, as they attempt to balance lingering inflation, slow growth in the economy, high wages and rising unemployment."
"The nine MPC members are likely to be split on the best course of action, but a rate hold is seen as the most likely outcome, with markets pricing in perhaps only two more rate cuts across this year. Inflation rose unexpectedly to 3.4 per cent last month, meaning that without further data confirming a move back in the opposite direction, it is unlikely rates will be slashed further."
The Independent highlights on-the-ground reporting across issues like reproductive rights, climate change and Big Tech and funds reporting through donations while avoiding paywalls. Donations help sustain journalists who gather perspectives across the political spectrum. The Bank of England will hold its first 2026 interest-rate vote with a hold widely expected after December's cut to 3.75 percent, which was the fourth reduction in 2025. The Monetary Policy Committee has taken a slow, cautious approach to balance lingering inflation, weak growth, high wages and rising unemployment. Recent inflation rising to 3.4 percent makes further cuts less likely without new data, though grocery inflation has eased slightly.
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]