The Bank of England (BOE) ended its final meeting of 2024 with a decision to hold interest rates steady at 4.75%. The move came as UK inflation rose to an eight-month high of 2.6% in November, up from 1.

The U.K.'s central bank is set to keep interest rates on hold later Thursday as inflation has moved further above its target rate, even though the British economy is flatlining at best. The Bank of England's nine-member Monetary Policy Committee is widely expected to keep the bank's main interest rate unchanged at 4.

The increase, which took inflation further away from the Bank of England's target of 2%, was in line with market expectations. This is the biggest increase since March, leading economists to rule ...

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 ...

As we approach the end of 2024, the economic news does not look good. The economy is assessed as having flatlined (zero GDP growth) in the third quarter.

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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.

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

The U.K.’s central bank warned Thursday of “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 best. The Bank of England’s nine-member ...

The Bank of England (BoE) has opted to leave interest rates unchanged at 4.75% in its final decision of the year, as inflation continues to rise. The Monetary Policy Committee (MPC) which sets ...

Annual price increases have accelerated for two consecutive months, pushing inflation above the Bank of England’s 2% target to 2.6%. However, much of this can be attributed to base effects from the same period a year ago, with underlying inflation ...