www.independent.co.uk
The current base interest rate stands at 4%, but financial analysts are divided on its future direction. A cut is potentially on the horizon, but there’s no consensus on whether it will materialize. The economic implications of either maintaining the rate or lowering it are significant, impacting borrowing costs, inflation, and overall economic growth. The market awaits further economic data and signals from central bank officials to gain clarity on the likely trajectory of the base rate.
