UK Interest Rate: How Close Is the Bank of England to a Rate Cut?

Busy London street with red double-decker buses, including one displaying route 205 to Paddington. Modern skyscrapers like the Gherkin tower in the background. Amidst discussions about the UK interest rate, people walk on sidewalks and cross streets, capturing everyday city life. | FintechZoom

UK Interest Rate Forecast: How Close Is the Bank of England to a Rate Cut?

Since March 2020, amidst the COVID-19 pandemic, the Bank of England has left the UK interest rate at 0.1%, displaying a cautious approach towards the economic repercussions of the health crisis. However, current discussions and decisions by the Bank of England, involving maintaining a base rate at 5.25% through rigorous debate among its Monetary Policy Committee members, reflect a … Continue reading UK Interest Rate Forecast: How Close Is the Bank of England to a Rate Cut?