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05.02.26 - 08:18
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Bank of England expected to leave interest rates on hold after rise in inflation – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Interest rates on both sides of the channel are likely to be left on hold today, but relief may be coming for UK borrowers within months.“The Bank of England is widely expected to keep interest rates unchanged in February. On the back of the Budget, we could see a more benign outlook on the inflation front, at least in the short-term.When it comes to forward guidance, the BoE is likely to remain noncommittal about the timing of any future interest rate cuts. That said, the combination of lower inflation ahead and continued softening of the UK labour market should reinforce the central bank's view that the path for monetary policy is towards a lower Bank rate, potentially as early as next month.”For investors, this environment of stable inflation and steady interest rates provides a degree of clarity and reduces the risk of further policy ...
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