Hold interest rates despite inflation risk, Shadow MPC tells Bank of England
The Bank of England has been urged to hold interest rates even as inflation is set to peak higher than previously expected due to the continuation of the Iran war, City AM’s Shadow Monetary Policy Committee has said. The Bank should leave interest rates unchanged at 3.75 per cent, according to most top economists in [...]
The Bank of England has been urged to maintain its current interest rate of 3.75 per cent despite inflation being anticipated to surpass previous expectations due to the ongoing Iran war, according to City AM's Shadow Monetary Policy Committee. Most top economists within the shadow committee recommended leaving interest rates unchanged, while a few called for a modest increase of 25 basis points.
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