The Bank of England (BoE) may have followed in the US Federal Reserve’s footsteps in maintaining interest rates, but it was much more cautious about committing to rate hikes in the near future.
The BoE’s Monetary Policy Committee (MPC) maintained base rates at 5.25 percent in its most recent decision (14/12/2023).
Rather than saying it would switch towards rate cuts in the new year, the BoE noted “monetary policy is likely to need to be restrictive for an ex...
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