Policymakers are next set to meet in November.
The Bank of England is expecting the UK economy to grow slower than previously thought in the next few months
It marked the first time since November 2021 that the MPC met without deciding to raise interest rates, which have soared from 0.1% to 5.25% as the Bank attempted to put a lid on runaway inflation. “So I think that there’s also this worry that that might mean that we’re going to have to pay a higher cost than we should be paying.”
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