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Borrowing costs had been widely expected to be left unchanged with inflation, predicted to go up in the coming months.
Experts are confident that UK interest rates will be held at 4.5% when the Bank of England announces its decision tomorrow ...
But the OBR upgraded the growth forecasts it previously set in October last year for the four years from 2026. It now expects ...
The new OBR forecast blamed higher energy and food prices and “more persistently high wage growth” for a rebound in inflation ...
The Bank of England left its interest rate on hold at 4.5% today. The Bank’s Monetary Policy Committee (MPC) voted by a ...
Prices in the UK rose ... up interest rates help to lower inflation? When inflation was well above its 2% target, the Bank of England increased interest rates to 5.25%, a 16-year high.