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Bank of England keeps main U.K. interest rate on hold at 4.75% after inflation spike.

The Bank of England’s nine-member Monetary Policy Committee kept its main interest rate unchanged at 4.75% with new data showing inflation rising to 2.6%, further above the bank’s 2% target.

inside 10 Downing Street in central London. Picture date: Wednesday December 18, 2024. Picture: Alamy Shadow business secretary Andrew Griffith said: "Today’s growth downgrade from the Bank of England ...

The Bank of England’s nine-member Monetary Policy Committee kept its main interest rate unchanged at 4.75% with new data showing inflation rising to 2.6%, further above the bank's 2% target.

Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services ...

We’ll be covering everything you need to know about Thursday’s Bank of England policy meeting, before and after the headline announcement. 2024-12-18T12:01:56.665Z If you haven’t already ...