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BoE Bank rate-setter says hold interest rates in August
Interest rates should be held again next month rather than be cut for the first time in more than four years, a Bank of England rate-setter has said. Jonathan Haskel, a member of the Bank's Monetary Policy Committee (MPC) which sets the UK's main interest rate, said he "would rather hold rates" at 5.25% until there is more certainty that inflation pressures had "subsided sustainably". Interest rates have been kept at a 16-year high in an attempt to slow consumer prices rising, but higher rates have pushed up the cost of borrowing, including for mortgages. The Bank previously appeared to hint that rates could be cut ... (full story)
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- Posted: Jul 8, 2024 7:03pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,399
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