Bank of England Delays Next Interest Rate Decision Following Queen’s Death

From theguardian.com

The Bank of England has delayed a decision over raising interest rates to tackle soaring inflation after the death of the Queen. The central bank said its rate-setting monetary policy committee (MPC) would postpone its next meeting, which had been due to take place on Thursday 15 September, by a week as the UK observes a period of national mourning. In a statement, Threadneedle Street said: “In light of the period of national mourning now being observed in the United Kingdom, the September 2022 meeting of the monetary policy committee has been postponed for a period of one week. The committee’s decision will be ... (full story)