www.independent.co.uk
The Monetary Policy Committee (MPC), the central bank’s rate-setting body, decided to hold interest rates steady in its most recent meeting. This decision marks the last policy announcement before the upcoming autumn Budget, suggesting the bank prefers to observe the budget’s impact before making any further adjustments. The rate freeze implies a cautious approach, likely balancing concerns about inflation with potential economic slowdown. The market will now be watching the autumn Budget closely for signals on fiscal policy and its potential effects on the MPC’s future decisions.
