MOURNING THE MONARCH: British people can now expect a decision towards the end of the month.
FOX Business host Stuart Varney argues Charles is king of a country suddenly thrown into turmoil.
AJ Bell financial analyst Danni Hewson told FOX Business: "Bank of England Monetary Policy Committee members are unlikely to be forced off course by the delay to the rate-setting meeting, and whilst there’s clearly an expectation the energy price freeze will help to cool inflation, the Bank is still expected to be aggressive when it comes to its next rate decision. It needs to maintain credibility, particularly in the wake of the European Central Bank’s recent unprecedented hike.
Hewson told FOX Business that although parliament will be suspended for a number of days, the new cost of living plan will be rolled out behind the scenes providing a safety net for cash-strapped households. Pipes at the landfall facilities of the Nord Stream 2 gas pipeline are pictured in Lubmin, northern Germany, on Feb. 15, 2022. Stream 2 is a 764-mile natural gas pipeline under the Baltic Sea, running from Russia to Germany's Baltic coast.
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