Interest rates should stay on hold this summer, says Bank of England official
5 months, 2 weeks ago

Interest rates should stay on hold this summer, says Bank of England official

The Telegraph  

Some economists have been calling on the Bank to cut rates for months, although Bank forecasts suggest price rises are likely to pick up in the second half of this year. “I would rather hold rates until there is more certainty that underlying inflationary pressures have subsided sustainably.” He voted to leave interest rates on hold at the Bank of England’s last meeting in June. The Bank voted 7-2 to keep interest rates on hold in June, although minutes from the meeting showed that the decision was “finely balanced” – a sign that an August rate cut remains in play. At the time, Christine Lagarde, president of the ECB, said Europe had been able to cut rates because the outlook for inflation had improved “markedly”.

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