Inflation will be below the key 2% target in 2026 and 2027 - unless interest rate cuts are more aggressive than expected - the Bank of England revealed today.
The Bank’s Monetary Policy Committee voted 7-2 to hold interest rates at the 14-year high of 5.25% today, in what markets hope is the final hold before it starts cutting. Alongside the decision, it published its latest forecasts for the UK economy.
