General · 1 day ago
Bank of England expected to hold rates, not hike in September
Current financial market expectations suggest the Bank of England will hold interest rates steady at its September gathering, as the probability of a rate hike before the end of the year recedes. The European Central Bank is increasingly expected to raise its own rates, which could reduce the Pound's yield advantage. Economists generally anticipate the Bank of England will maintain Bank Rate at 3.75% for the rest of 2026.
Reported by currencynews.co.uk · How we write briefs