Rob Clarry News Today

12 June: Market Remains Hopeful For Rate Cut Later This Year The US Federal Reserve has held interest rates in a target range between 5.25% and 5.5%, a

11 April: Hopes Rise For Summer Cut To Borrowing Costs The European Central Bank (ECB) has, as widely expected, left borrowing costs untouched across th

13 February: Modest Fall Dashes Hopes Of Spring Rate Cut Headline US inflation dipped to 3.1% in the year to January 2024 - a smaller fall than forecast

The Bank of England has held the base rate at 5.25% today, the fourth consecutive time it has opted to keep rates unchanged. Today's decision came with a batch of forecast revisions, all of which made for positive reading. Inflation is expected to fall to 2% in 2024, before picking up slightly to 2.3% in 2026.

The real impact of inflation is felt by households in the form of higher bills - but todays rise could be a small blip in what proves to be an overall continued fall in the cost of living.

Market expectations that the Bank of England will begin to cut base rate in May are fading after fresh data showed a surprise jump in inflation last month.

By Mike Sheen

The real impact of inflation is felt by households in the form of higher bills - but todays rise could be a small blip in what proves to be an overall continued fall in the cost of living.

Market expectations that the Bank of England will begin to cut base rate in May are fading after fresh data showed a surprise jump in inflation last month.

14 December: Euro Central Bank Also Freezes Rates The Bank of England has held its Bank Rate untouched at 5.25% for the third time in a row, Andrew Mich