For most of the UK’s inflation shock over the past two years, Bank of England policy reacted to swings in wage and prices data. Now it’s leaning much more prominently on its own forecasts.

Bank of England policymakers voted 6-3 to keep interest rates on hold on Thursday, a bigger split than economists had predicted as officials disagreed over how to respond to a slowing economy that remains beset by inflation pressures.

The U.K.’s annual rate of inflation rose further above the BOE’s target, increasing the likelihood that policymakers will opt to hold rates in place this week, despite a struggling economy.

The Bank of England is poised to keep interest rates on hold after inflation surged to an eight-month high and households were told to brace for further price rises. Hopes that the Bank could ...

LONDON — The Bank of England on Thursday ended its last meeting of the year with a decision to leave interest rates unchanged, after U.K. inflation rose to an eight-month high. Economists had widely expected a rate hold at the December meeting ...

The U.K.’s central bank has warned about “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target even at a time when the British economy is flatlining at

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Inflation in the U.K. has risen to its highest level since March, driven by an increase in fuel prices last month.

The Bank of England has kept interest rates on hold at 4.75% in the final Monetary Policy Committee meeting of 2024. Follow MoneyWeek for live updates and analysis

The Bank of England is expected to hold interest rates at a meeting later today. Most analysts predict the benchmark rate will stay at its current level of 4.75% when the decision is announced at 12:00 GMT. It comes as inflation rose for the second month in a row to 2.6% in the year to November - pushing it further above the Bank's target of 2%.

The Bank of England is expected to hold interest rates steady at 4.75 per cent on Thursday after it was revealed that inflation in November rose to 2.6 per cent, above the central bank’s target.