The Bank of England opted to keep interest rates unchanged at 5.25% on May 8th, 2024, marking the sixth time in a row the Monetary Policy Committee (MPC) has maintained the rate. This decision comes as inflation remains above the Bank’s 2% target, currently sitting at 3.2%. While inflation has shown signs of receding, the […]

The post Only 1 to 2 interest rate cuts expected in 2024 as Bank of England holds at 5.25% for 6th consecutive meeting appeared first on Freelance Informer.