Hold interest rates despite inflation risk, Shadow MPC tells Bank of England

Bank of England set to keep interest rates on hold despite rising inflation

Most economists think the Bank’s Monetary Policy Committee (MPC) will opt to keep interest rates unchanged at its next meeting on Thursday.

Hold interest rates despite inflation risk, Shadow MPC tells Bank of England

The Bank of England has been urged to hold interest rates even as inflation is set to peak higher than previously expected due to the continuation of the Iran war, City AM’s Shadow Monetary Policy Committee has said.  The Bank should leave interest rates unchanged at 3.75 per cent, according to most top economists in [...]