News about Bank of England

To the complete surprise of absolutely no-one, the @bankofengland just left interest rates on hold at 5.25%. No change to the voting pattern (7-2) either. Most think the first cut will come in either Aug or Nov.

📈Another day, another chart. Today: inflation. And why the fall to 2% doesn’t mean that the cost of living crisis is over, or that the @bankofengland will immediately cut interest rates (sorry) pic.twitter.com/WpbGzSlIqL

ICYMI, here's my take on the Bank of England's 7-2 decision to leave interest rates on hold today... 🤓 Many will wonder why the Bank hasn't cut rates even though #inflation has fallen back to the 2% target. But it would be unfair to accuse the MPC of political bias... 🧵

Hey ho 🙄 Bank of England’s #MPC votes 7-2 again to keep UK interest rates at 5¼%, as expected by the markets (that’s important, because some members will have been reluctant to spring a surprise so close to an election). More to follow…