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Bank of England set to hold rates with bond sales in spotlight
The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves' first budget. British inflation held steady in August but sped up in the services sector, which is key for the BoE, showing why forecasters expect interest rates to fall more slowly than in the United States and the euro zone. The Federal Reserve went on Wednesday for an unusually large half-percentage-point reduction, a move that reflected "growing confidence" about the outlook ... (full story)
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- Posted: Sep 18, 2024 7:10pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,943
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