LONDON: The Bank of England (BoE) looks likely to keep interest rates on hold on Thursday, slowing its pace of cuts for the first time since it started to loosen policy last year, although some analysts do now expect a reduction after softer inflation and wage data.
The BoE’s most recent rate cut, by a quarter-point to 4% in August, only passed by a five to four margin after two rounds of voting by the Monetary Policy Committee (MPC). In September, central bank governor Andrew Bailey said the pace of rate cuts, which the BoE has delivered once every three months since August 2024, was “more uncertain”.
